Lundin Mining (TSE:LUN) Downgraded to Neutral at Eight Capital

Lundin Mining (TSE:LUN) was downgraded by analysts at Eight Capital from a “buy” rating to a “neutral” rating in a research report issued on Monday, BayStreet.CA reports. They presently have a C$16.00 price target on the mining company’s stock, up from their prior price target of C$13.00. Eight Capital’s target price indicates a potential upside of 4.92% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group raised their price target on Lundin Mining from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Friday, April 12th. UBS Group raised their price target on Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. BMO Capital Markets raised Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$12.00 to C$16.00 in a report on Wednesday, March 27th. Raymond James boosted their price target on Lundin Mining from C$11.50 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, National Bankshares decreased their price target on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Monday, January 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$14.81.

Lundin Mining Price Performance

LUN opened at C$15.25 on Monday. The business’s 50-day moving average is C$13.18 and its two-hundred day moving average is C$11.08. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$16.51. 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 market capitalization of C$11.82 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The company had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. Research analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by company insiders.

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.