Shares of Lundin Mining Co. (TSE:LUN) have earned an average rating of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$8.69.
Several research firms have weighed in on LUN. Cormark upped their price target on Lundin Mining from C$10.00 to C$10.50 in a research note on Tuesday, July 23rd. Raymond James reiterated a “market perform” rating and set a C$9.00 target price on shares of Lundin Mining in a research report on Friday, July 26th. Haywood Securities lowered their target price on Lundin Mining from C$9.50 to C$8.50 in a research report on Monday, September 9th. Morgan Stanley lowered their target price on Lundin Mining from C$8.20 to C$8.00 in a research report on Tuesday, September 24th. Finally, CIBC lowered their target price on Lundin Mining from C$9.00 to C$8.00 in a research report on Friday, September 6th.
LUN stock traded up C$0.09 during midday trading on Thursday, hitting C$7.42. The company’s stock had a trading volume of 302,021 shares, compared to its average volume of 2,307,076. Lundin Mining has a 12 month low of C$5.11 and a 12 month high of C$7.96. The company has a quick ratio of 0.91, a current ratio of 1.38 and a debt-to-equity ratio of 8.80. The firm has a market capitalization of $5.39 billion and a price-to-earnings ratio of 54.96. The company has a 50 day moving average of C$6.62 and a two-hundred day moving average of C$6.61.
Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, October 23rd. The mining company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.08 by C($0.03). The business had revenue of C$711.21 million during the quarter. On average, analysts anticipate that Lundin Mining will post 0.48 earnings per share for the current fiscal year.
In related news, insider Nemesia S.a.r.l. purchased 150,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of C$5.94 per share, for a total transaction of C$890,790.00. Following the completion of the transaction, the insider now directly owns 93,822,698 shares in the company, valued at C$557,175,474.34. Also, Senior Officer Stephen Trelawney Gatley sold 44,000 shares of the firm’s 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 sale, the insider now owns 98,000 shares of the company’s stock, 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.
Read More: Hedge Funds – Risk or Reward?
Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.