Lundin Mining (TSE:LUN) Sets New 1-Year High - Here's What Happened

Key Points

• Lundin Mining Co. hit a new 52-week high of C$17.27 during mid-day trading, closing slightly lower at C$17.16 with a trading volume of 475,738 shares.
• Analysts have differing views on the stock; while TD Securities raised their price target to C$19.00, Haywood Securities downgraded it to a "hold" rating.
• The stock currently has a market capitalization of C$14.72 billion and a consensus rating of "Moderate Buy" with an average target price of C$16.48.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.27 and last traded at C$17.16, with a volume of 475738 shares trading hands. The stock had previously closed at C$16.83.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LUN shares. Haywood Securities cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Royal Bank Of Canada boosted their price objective on Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday, September 10th. Morgan Stanley boosted their price objective on Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lowered Lundin Mining from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from C$15.30 to C$15.60 in a research note on Thursday, July 10th. Finally, TD Securities boosted their price objective on Lundin Mining from C$18.00 to C$19.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$16.48.

Lundin Mining Stock Up 2.2%

The stock has a market capitalization of C$14.72 billion, a price-to-earnings ratio of -573.33, a PEG ratio of -0.26 and a beta of 1.55. The business has a fifty day moving average of C$15.24 and a 200 day moving average of C$13.52. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.

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