Lundin Mining (TSE:LUN) Price Target Lowered to C$16.00 at Jefferies Financial Group

Lundin Mining (TSE:LUN) had its price objective cut by equities researchers at Jefferies Financial Group from C$20.00 to C$16.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 24.42% from the company’s previous close.

A number of other brokerages have also recently weighed in on LUN. Royal Bank of Canada dropped their price objective on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. UBS Group raised their target price on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Ventum Financial increased their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Finally, Raymond James lowered their price objective on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.47.

Lundin Mining Trading Up 2.6 %

LUN stock traded up C$0.33 during midday trading on Monday, reaching C$12.86. 1,710,852 shares of the company traded hands, compared to its average volume of 1,533,931. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The business has a 50 day moving average of C$13.36 and a 200-day moving average of C$13.73. The firm has a market capitalization of C$9.99 billion, a price-to-earnings ratio of 45.93, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52-week low of C$9.85 and a 52-week high of C$17.97.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

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.