ATB Cormark Capital Markets Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target cut by equities researchers at ATB Cormark Capital Markets from C$42.50 to C$41.50 in a report released on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. ATB Cormark Capital Markets’ target price points to a potential upside of 8.92% from the stock’s current price.

LUN has been the subject of several other research reports. Dnb Carnegie raised shares of Lundin Mining to a “hold” rating in a research report on Friday, July 3rd. TD dropped their price objective on shares of Lundin Mining from C$43.00 to C$42.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group lifted their price objective on shares of Lundin Mining from C$40.80 to C$48.20 in a report on Friday, June 5th. Desjardins decreased their price objective on Lundin Mining from C$44.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays increased their target price on shares of Lundin Mining from C$42.00 to C$43.00 in a report on Thursday, July 16th. Eight analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$39.71.

Lundin Mining Stock Up 0.1%

Shares of TSE LUN traded up C$0.03 during trading on Monday, hitting C$38.10. 751,323 shares of the company traded hands, compared to its average volume of 2,743,160. The business’s fifty day moving average is C$35.68 and its 200 day moving average is C$36.61. Lundin Mining has a fifty-two week low of C$15.47 and a fifty-two week high of C$45.74. The firm has a market capitalization of C$32.43 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of -0.26 and a beta of 2.30. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.90 and a current ratio of 1.60.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, August 5th. The mining company reported C$0.43 EPS for the quarter. The business had revenue of C$1.72 billion during the quarter. Lundin Mining had a return on equity of 22.97% and a net margin of 35.11%.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.