Lundin Mining (TSE:LUN) Upgraded to “Strong-Buy” at Stifel Canada

Lundin Mining (TSE:LUN) was upgraded by equities researchers at Stifel Canada to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on LUN. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the stock a “buy” rating in a report on Thursday, March 6th. Raymond James dropped their price objective on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus decreased their target price on Lundin Mining from C$17.50 to C$16.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Scotiabank lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group decreased their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and an average target price of C$17.15.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$13.27 on Wednesday. The stock has a market cap of C$8.11 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a 50-day moving average of C$12.20 and a 200-day moving average of C$12.99. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a one year low of C$10.92 and a one year high of C$17.97.

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.