Lundin Mining (TSE:LUN – Get Free Report) had its target price boosted by research analysts at Canaccord Genuity Group from C$11.00 to C$16.50 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 2.80% from the company’s current price.
Several other research firms have also commented on LUN. National Bankshares cut their price target on shares of Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Monday, January 15th. Morgan Stanley upped their target price on shares of Lundin Mining from C$12.60 to C$16.40 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Jefferies Financial Group raised their price target on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$14.50 price target on Lundin Mining and gave the stock a “buy” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Lundin Mining has an average rating of “Hold” and an average target price of C$14.56.
Get Our Latest Stock Report on LUN
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The business had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. On average, analysts forecast that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insider Activity
In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is currently owned by company insiders.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.
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