Lundin Mining (TSE:LUN) PT Raised to C$16.40 at Morgan Stanley

Lundin Mining (TSE:LUN) had its price target hoisted by equities researchers at Morgan Stanley from C$16.30 to C$16.40 in a research report issued on Tuesday, BayStreet.CA reports. Morgan Stanley’s price objective suggests a potential upside of 7.05% from the stock’s current price.

LUN has been the subject of several other reports. Canaccord Genuity Group boosted their target price on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. Bank of America boosted their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. National Bankshares decreased their price objective on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$14.93.

Lundin Mining Stock Performance

Shares of LUN opened at C$15.32 on Tuesday. The firm has a market cap of C$11.88 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company’s fifty day moving average is C$13.27 and its 200-day moving average is C$11.11. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51.

Lundin Mining (TSE:LUN) last posted its earnings results 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 for the quarter, compared to analyst estimates of C$1.39 billion. Equities analysts expect that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Insider Activity at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is currently owned by insiders.

About Lundin Mining

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.