Jefferies Financial Group Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target lowered by analysts at Jefferies Financial Group from C$20.00 to C$16.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target indicates a potential upside of 27.19% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Raymond James dropped their target price on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Royal Bank of Canada decreased their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. UBS Group boosted their price objective on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Finally, Ventum Financial increased their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Lundin Mining Stock Down 2.0 %

LUN opened at C$12.58 on Monday. Lundin Mining has a twelve month low of C$9.85 and a twelve month high of C$17.97. The firm has a market cap of C$9.77 billion, a price-to-earnings ratio of 44.93, a PEG ratio of -0.26 and a beta of 1.66. The firm’s 50-day simple moving average is C$13.33 and its 200-day simple moving average is C$13.73. 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 (TSE:LUN) last issued its quarterly earnings data 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). The business had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

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.