Lundin Mining Upgraded by National Bank Financial to “Outperform” (LUN)

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Lundin Mining (TSE:LUN) was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a C$7.25 price objective on the stock, up from their previous price objective of C$6.25. National Bank Financial’s price objective points to a potential upside of 15.45% from the stock’s previous close.

A number of other firms have also recently commented on LUN. Analysts at Raymond James raised their price target on shares of Lundin Mining from C$6.75 to C$7.50 in a research note on Monday, July 14th. Separately, analysts at Canaccord Genuity raised their price target on shares of Lundin Mining to C$7.25 in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$6.82.

Lundin Mining (TSE:LUN) traded up 0.48% on Tuesday, hitting $6.31. 1,430,057 shares of the company’s stock traded hands. Lundin Mining has a 52 week low of $3.99 and a 52 week high of $6.57. The stock has a 50-day moving average of $5.91 and a 200-day moving average of $5.41. The company has a market cap of $3.693 billion and a P/E ratio of 36.94.

Lundin Mining (TSE:LUN) last released its earnings data on Thursday, May 1st. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.02. Analysts expect that Lundin Mining will post $0.25 EPS for the current fiscal year.

Lundin Mining Corporation (TSE:LUN) is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.

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