Lundin Mining (TSE:LUN – Get Free Report) had its price objective decreased by equities research analysts at Jefferies Financial Group from C$20.00 to C$16.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 24.42% from the company’s current price.
Several other equities research analysts have also recently commented on the company. Raymond James lowered their price target on Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Royal Bank of Canada cut their price target on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. UBS Group boosted their price target on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Finally, Ventum Financial raised their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$17.47.
Check Out Our Latest Stock Report on LUN
Lundin Mining Stock Up 2.6 %
Lundin Mining (TSE:LUN – Get Free Report) last posted its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.
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.
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