Lundin Mining (TSE:LUN) PT Raised to C$13.00

Lundin Mining (TSE:LUN) had its price target raised by stock analysts at Raymond James from C$11.50 to C$13.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the mining company’s stock. Raymond James’ price target points to a potential downside of 17.93% from the company’s previous close.

Several other research firms have also weighed in on LUN. National Bankshares decreased their price target on 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. JPMorgan Chase & Co. increased their target price on Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Canaccord Genuity Group increased their target price on Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday. Finally, Pi Financial restated a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$14.56.

Lundin Mining Stock Down 1.3 %

TSE LUN opened at C$15.84 on Thursday. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The company has a market capitalization of C$12.28 billion, a P/E ratio of 37.71, a P/E/G ratio of -0.26 and a beta of 1.85. Lundin Mining has a one year low of C$8.18 and a one year high of C$16.51. The stock has a 50 day moving average price of C$12.91 and a 200-day moving average price of C$10.93.

Lundin Mining (TSE:LUN) last posted its earnings results 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). The firm had revenue of C$1.44 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, equities analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Insider Transactions at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Company insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

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.