Raymond James Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUNGet Free Report) had its target price decreased by investment analysts at Raymond James from C$16.00 to C$15.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 15.30% from the company’s previous close. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and lowered their target price for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. UBS Group raised their price target on Lundin Mining from C$16.00 to C$17.00 in a report on Monday. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Scotiabank upgraded shares of 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 report on Monday, August 19th. Finally, Royal Bank of Canada dropped their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and a consensus target price of C$17.72.

Get Our Latest Stock Report on LUN

Lundin Mining Stock Down 2.3 %

Lundin Mining stock opened at C$13.01 on Tuesday. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a one year low of C$9.67 and a one year high of C$17.97. The company has a 50-day simple moving average of C$14.00 and a 200-day simple moving average of C$14.13. The firm has a market capitalization of C$10.11 billion, a P/E ratio of 46.46, a P/E/G ratio of -0.26 and a beta of 1.66.

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

About Lundin Mining

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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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Analyst Recommendations for Lundin Mining (TSE:LUN)

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