CSFB Boosts Lundin Mining (TSE:LUN) Price Target to C$8.50

Lundin Mining (TSE:LUNGet Rating) had its price objective increased by CSFB from C$7.75 to C$8.50 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Credit Suisse Group boosted their target price on Lundin Mining to C$8.50 in a report on Tuesday. Morgan Stanley dropped their price objective on Lundin Mining to C$7.00 and set an equal weight rating on the stock in a research note on Thursday, September 15th. TD Securities upped their price objective on Lundin Mining from C$7.50 to C$8.00 and gave the company a hold rating in a report on Thursday, October 27th. CIBC lowered their target price on Lundin Mining from C$9.50 to C$8.50 in a report on Thursday, October 13th. Finally, National Bankshares dropped their price target on shares of Lundin Mining from C$8.50 to C$8.25 and set a sector perform rating on the stock in a research report on Thursday, October 27th. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Lundin Mining currently has a consensus rating of Hold and a consensus target price of C$13.10.

Lundin Mining Stock Up 1.2 %

LUN stock opened at C$8.23 on Tuesday. The firm’s 50-day moving average is C$7.26 and its two-hundred day moving average is C$8.02. The company has a market capitalization of C$6.34 billion and a price-to-earnings ratio of 9.04. Lundin Mining has a 52 week low of C$6.24 and a 52 week high of C$14.00. The company has a current ratio of 1.35, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

Lundin Mining Company Profile

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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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