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National Bankshares Issues Positive Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining logo with Basic Materials background

Lundin Mining (TSE:LUN - Free Report) had its price objective increased by National Bankshares from C$16.50 to C$17.50 in a research note published on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.

A number of other equities analysts have also commented on LUN. Desjardins set a C$17.00 price target on shares of Lundin Mining and gave the company a "buy" rating in a research report on Thursday, June 19th. Scotiabank boosted their price target on shares of Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada set a C$16.00 target price on Lundin Mining and gave the stock a "sector perform" rating in a report on Thursday, June 19th. Finally, Raymond James Financial upgraded Lundin Mining to a "hold" rating in a report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$15.96.

Read Our Latest Report on Lundin Mining

Lundin Mining Stock Performance

LUN traded down C$0.39 on Wednesday, hitting C$14.11. 2,113,723 shares of the stock traded hands, compared to its average volume of 2,639,924. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$16.20. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The firm has a market capitalization of C$8.62 billion, a PE ratio of 28.00, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a fifty day moving average price of C$13.42 and a two-hundred day moving average price of C$12.42.

Insider Activity

In other Lundin Mining news, Director Jack Oliver Lundin bought 20,000 shares of the stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. bought 900,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. Insiders own 15.70% of the company's stock.

Lundin Mining Company Profile

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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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Analyst Recommendations for Lundin Mining (TSE:LUN)

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