Lundin Mining (TSE:LUN) PT Raised to C$13.00 at Raymond James

Lundin Mining (TSE:LUN) had its target price boosted by stock analysts at Raymond James from C$11.50 to C$13.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the mining company’s stock. Raymond James’ target price would indicate a potential downside of 18.75% from the company’s previous close.

A number of other research firms have also recently commented on LUN. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$14.50 price target on shares of Lundin Mining and gave the company a “buy” rating in a research note on Tuesday, March 26th. National Bankshares decreased their target price on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Monday, January 15th. Bank of America lifted their price target on Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. Finally, Morgan Stanley upped their price objective on Lundin Mining from C$12.60 to C$16.40 and gave the company an “overweight” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Hold” and an average price target of C$14.56.

Lundin Mining Stock Up 2.3 %

TSE LUN traded up C$0.36 during trading hours on Thursday, hitting C$16.00. 1,243,137 shares of the company traded hands, compared to its average volume of 2,285,355. The stock has a market capitalization of C$12.40 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of -0.26 and a beta of 1.85. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$16.51. The business’s 50-day moving average is C$12.80 and its 200-day moving average is C$10.89. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The firm had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Sell-side analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current year.

Insider Transactions at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Company insiders own 15.70% of the company’s stock.

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.