Lundin Mining (TSE:LUN) Price Target Increased to C$8.50 by Analysts at CSFB

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

A number of other analysts have also commented on LUN. Deutsche Bank Aktiengesellschaft decreased their target price on Lundin Mining from C$10.25 to C$8.00 in a research report on Tuesday, August 9th. Scotiabank decreased their price objective on Lundin Mining from C$8.50 to C$8.00 in a report on Thursday, October 27th. Credit Suisse Group upped their target price on Lundin Mining to C$8.50 in a research report on Tuesday. Stifel Nicolaus reduced their price target on shares of Lundin Mining from C$14.00 to C$12.50 in a research report on Friday, July 29th. Finally, CIBC decreased their price target on shares of Lundin Mining from C$9.50 to C$8.50 in a research note on Thursday, October 13th. Fourteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Lundin Mining currently has an average rating of Hold and a consensus price target of C$12.97.

Lundin Mining Trading Up 2.9 %

LUN opened at C$7.89 on Tuesday. The company has a fifty day moving average price of C$7.22 and a two-hundred day moving average price of C$8.02. Lundin Mining has a 1-year low of C$6.24 and a 1-year high of C$14.00. The company has a market cap of C$6.08 billion and a P/E ratio of 8.67. The company has a current ratio of 1.35, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94.

About Lundin Mining

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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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