National Bankshares Forecasts Strong Price Appreciation for Lundin Mining (TSE:LUN) Stock

Key Points

• National Bankshares has increased its target price for Lundin Mining from C$20.00 to C$25.00, suggesting a potential upside of 15.21% from the previous close.
• Research ratings for Lundin Mining vary among analysts, with three ratings of "Strong Buy," six "Buy," and six "Hold," leading to an average rating of "Moderate Buy."
• Lundin Mining shares rose by 4.3% during mid-day trading, reaching C$21.70, with a market cap of C$18.59 billion.

Lundin Mining (TSE:LUN - Get Free Report) had its target price hoisted by National Bankshares from C$20.00 to C$25.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the mining company's stock. National Bankshares' target price would suggest a potential upside of 15.21% from the company's previous close.

LUN has been the subject of several other reports. Jefferies Financial Group lifted their price objective on Lundin Mining from C$18.00 to C$26.00 in a research report on Monday. Haywood Securities lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Raymond James Financial boosted their target price on Lundin Mining from C$15.00 to C$16.00 in a research report on Thursday, August 21st. TD Securities boosted their target price on Lundin Mining from C$18.00 to C$19.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Royal Bank Of Canada lifted their price target on Lundin Mining from C$16.00 to C$18.00 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 stock. According to MarketBeat.com, Lundin Mining presently has an average rating of "Moderate Buy" and an average target price of C$17.82.

Lundin Mining Trading Up 4.3%

Shares of LUN stock traded up C$0.90 during mid-day trading on Wednesday, hitting C$21.70. The company's stock had a trading volume of 2,022,000 shares, compared to its average volume of 2,553,881. The company's fifty day simple moving average is C$16.67 and its 200-day simple moving average is C$14.11. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$21.74. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The company has a market cap of C$18.59 billion, a PE ratio of -723.33, a P/E/G ratio of -0.26 and a beta of 1.85.

Lundin Mining Company Profile

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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