Lundin Mining (TSE:LUN) PT Raised to C$16.50 at Canaccord Genuity Group

Lundin Mining (TSE:LUN) had its price objective boosted by research analysts at Canaccord Genuity Group from C$11.00 to C$16.50 in a research note issued on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 2.80% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Morgan Stanley upped their target price on shares of Lundin Mining from C$12.60 to C$16.40 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Pi Financial reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. JPMorgan Chase & Co. dropped their price objective on shares of Lundin Mining from C$8.90 to C$8.40 in a research note on Friday, January 19th. Finally, UBS Group raised their price target on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has an average rating of “Hold” and an average target price of C$14.56.

Lundin Mining Trading Up 2.6 %

Shares of TSE LUN opened at C$16.05 on Wednesday. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. The firm has a 50-day moving average of C$12.80 and a 200 day moving average of C$10.89. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$16.51. The stock has a market cap of C$12.44 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The business had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. As a group, sell-side analysts expect that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Company insiders own 15.70% of the company’s stock.

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.