Lundin Mining (TSE:LUN – Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.29 per share for the quarter.
Lundin Mining Stock Performance
Shares of LUN stock opened at C$13.68 on Tuesday. The firm has a 50 day moving average of C$13.63 and a 200-day moving average of C$14.55. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The company has a market cap of C$10.63 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. National Bankshares decreased their price target on Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating on the stock in a research report on Monday, July 15th. Scotiabank raised Lundin Mining from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Ventum Financial lifted their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their target price for the company from C$18.20 to C$17.30 in a report on Tuesday, August 20th. Finally, Canaccord Genuity Group lowered their target price on Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$17.98.
Insider Buying and Selling
In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of Lundin Mining stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is currently owned by corporate 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.
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