Lundin Mining (TSE:LUN) Downgraded to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining (TSE:LUN) from a buy rating to a hold rating in a report issued on Tuesday morning, Price reports. Deutsche Bank Aktiengesellschaft currently has C$10.50 target price on the mining company’s stock, down from their prior target price of C$11.50.

LUN has been the topic of several other reports. National Bankshares lowered their target price on Lundin Mining from C$13.50 to C$13.00 in a research report on Friday, January 7th. Bank of America reduced their price objective on Lundin Mining from C$15.30 to C$9.00 and set an underperform rating on the stock in a research note on Wednesday, September 22nd. CIBC reduced their price objective on Lundin Mining from C$12.00 to C$11.00 and set a neutral rating on the stock in a research note on Monday, December 6th. Morgan Stanley restated a na rating and set a C$12.00 target price (up previously from C$10.60) on shares of Lundin Mining in a research report on Thursday, December 9th. Finally, Scotiabank lowered their price target on Lundin Mining from C$12.50 to C$11.50 in a report on Tuesday, October 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of C$12.29.

LUN stock opened at C$10.72 on Tuesday. The company has a market cap of C$7.89 billion and a P/E ratio of 9.25. Lundin Mining has a 1 year low of C$8.56 and a 1 year high of C$16.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.86 and a quick ratio of 1.43. The stock’s fifty day moving average price is C$10.32 and its 200-day moving average price is C$10.40.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, October 27th. The mining company reported C$0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.31 by C($0.02). The company had revenue of C$952.44 million during the quarter. As a group, analysts expect that Lundin Mining will post 11.4999999 earnings per share for the current year.

In other news, Senior Officer Marie Inkster sold 53,686 shares of the company’s stock in a transaction on Tuesday, October 26th. The shares were sold at an average price of C$10.12, for a total value of C$543,184.21. Following the completion of the transaction, the insider now directly owns 501,057 shares in the company, valued at C$5,069,594.51. Also, insider Nemesia S.a.r.l. acquired 100,000 shares of Lundin Mining stock in a transaction on Thursday, December 23rd. The shares were bought at an average price of C$9.49 per share, for a total transaction of C$949,180.00. Following the completion of the purchase, the insider now directly owns 94,922,698 shares in the company, valued at C$900,987,264.88.

About Lundin Mining

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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Analyst Recommendations for Lundin Mining (TSE:LUN)

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