Lundin Mining (OTCMKTS:LUNMF) Given New $8.50 Price Target at Raymond James

Lundin Mining (OTCMKTS:LUNMF) had its price objective dropped by analysts at Raymond James from $9.00 to $8.50 in a research note issued on Friday, The Fly reports. The firm currently has a “market perform” rating on the basic materials company’s stock. Raymond James’ price objective would indicate a potential upside of 51.22% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Scotiabank boosted their price target on shares of Lundin Mining from $8.50 to $8.75 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of Lundin Mining in a research note on Tuesday, June 23rd. ValuEngine cut shares of Lundin Mining from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Credit Suisse Group reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Lundin Mining in a research note on Thursday, April 30th. Finally, DNB Markets raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a $7.02 price objective for the company in a research note on Friday, April 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.31.

LUNMF stock opened at $5.62 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.44 and a quick ratio of 1.08. Lundin Mining has a one year low of $2.82 and a one year high of $6.36. The stock has a market cap of $4.12 billion, a PE ratio of 80.31 and a beta of 1.82. The firm has a 50 day simple moving average of $5.52 and a two-hundred day simple moving average of $4.98.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, April 29th. The basic materials company reported ($0.06) EPS for the quarter. Lundin Mining had a return on equity of 3.11% and a net margin of 2.51%. The company had revenue of $378.00 million during the quarter.

About Lundin Mining

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; the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland; and the Chapada copper-gold mine located in Brazil.

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The Fly

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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