Lundin Mining (TSE:LUN) PT Raised to C$17.50

Lundin Mining (TSE:LUN) had its price objective upped by Eight Capital from C$16.00 to C$17.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Eight Capital’s price objective would indicate a potential upside of 8.97% from the company’s current price.

Other equities research analysts have also issued reports about the stock. CIBC boosted their price objective on shares of Lundin Mining from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Bank of America upped their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. upped their target price on shares of Lundin Mining from C$15.70 to C$18.80 in a research report on Wednesday, July 3rd. Royal Bank of Canada upped their price target on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley upped their target price on shares of Lundin Mining from C$20.00 to C$20.70 in a research note on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Hold” and a consensus price target of C$17.26.

Lundin Mining Price Performance

LUN stock opened at C$16.06 on Thursday. The firm has a 50 day moving average of C$15.74 and a 200-day moving average of C$13.61. The company has a current ratio of 1.57, a quick ratio of 0.90 and a debt-to-equity ratio of 25.05. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. The firm has a market capitalization of C$12.46 billion, a P/E ratio of 84.53, a price-to-earnings-growth ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. As a group, sell-side analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. 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.