Lundin Mining (TSE:LUN) had its price objective raised by analysts at TD Securities from C$8.50 to C$9.00 in a research note issued on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ target price indicates a potential upside of 21.13% from the stock’s previous close.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their target price on Lundin Mining from C$9.00 to C$8.50 in a research report on Friday, July 26th. Cormark raised their target price on Lundin Mining from C$10.00 to C$10.50 in a research report on Tuesday, July 23rd. BMO Capital Markets decreased their target price on Lundin Mining from C$8.50 to C$7.50 in a research report on Thursday, September 26th. National Bank Financial decreased their target price on Lundin Mining from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Thursday, September 12th. Finally, Morgan Stanley decreased their target price on Lundin Mining from C$8.20 to C$8.00 in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$8.68.
Shares of LUN traded down C$0.12 on Monday, reaching C$7.43. 750,398 shares of the company’s stock traded hands, compared to its average volume of 2,308,149. The company has a current ratio of 1.38, a quick ratio of 0.91 and a debt-to-equity ratio of 8.80. The stock has a market cap of $5.55 billion and a PE ratio of 55.04. The stock’s 50 day simple moving average is C$6.65 and its two-hundred day simple moving average is C$6.61. Lundin Mining has a 52-week low of C$5.11 and a 52-week high of C$7.96.
Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, October 23rd. The mining company reported C$0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.08 by C($0.03). The business had revenue of C$711.21 million during the quarter. Analysts forecast that Lundin Mining will post 0.48 earnings per share for the current year.
In other news, Senior Officer Stephen Trelawney Gatley sold 44,000 shares of Lundin Mining stock in a transaction on Friday, November 1st. The stock was sold at an average price of C$6.89, for a total value of C$303,160.00. Following the completion of the transaction, the insider now directly owns 98,000 shares in the company, valued at C$675,220.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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