Lundin Mining (OTCMKTS:LUNMF) had its target price raised by analysts at CIBC from $15.00 to $16.00 in a report issued on Monday, The Fly reports. The firm currently has a “neutral” rating on the basic materials company’s stock. CIBC’s price target points to a potential upside of 28.82% from the company’s previous close.
Other analysts also recently issued reports about the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Lundin Mining in a report on Monday, April 26th. Nordea Equity Research downgraded Lundin Mining from a “buy” rating to a “hold” rating in a report on Thursday, February 4th. BMO Capital Markets decreased their price objective on Lundin Mining from $16.00 to $15.50 and set an “outperform” rating for the company in a report on Thursday, April 29th. Morgan Stanley downgraded Lundin Mining from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 24th. Finally, Credit Suisse Group increased their price target on Lundin Mining from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, April 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. Lundin Mining presently has an average rating of “Hold” and a consensus target price of $13.95.
OTCMKTS LUNMF opened at $12.42 on Monday. The business has a fifty day moving average price of $11.44 and a two-hundred day moving average price of $9.37. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.57 and a quick ratio of 1.18. Lundin Mining has a fifty-two week low of $4.05 and a fifty-two week high of $13.11. The stock has a market capitalization of $9.17 billion, a PE ratio of 62.10 and a beta of 1.85.
Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Thursday, February 18th. The basic materials company reported $0.15 EPS for the quarter. Lundin Mining had a return on equity of 5.00% and a net margin of 7.59%. The company had revenue of $529.50 million during the quarter.
Lundin Mining Company Profile
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.
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