Lundin Mining (TSE:LUN – Get Free Report) had its price objective boosted by Morgan Stanley from C$16.30 to C$16.40 in a research note issued to investors on Tuesday, BayStreet.CA reports. Morgan Stanley’s price target suggests a potential upside of 7.82% from the stock’s previous close.
A number of other research firms have also recently commented on LUN. Eight Capital cut shares of Lundin Mining from a “buy” rating to a “neutral” rating and lifted their price target for the stock from C$13.00 to C$16.00 in a report on Monday. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Canaccord Genuity Group boosted their target price on shares of Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, UBS Group increased their price objective on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and an average price target of C$14.81.
Lundin Mining Stock Performance
Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The company had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. As a group, equities research analysts anticipate that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is 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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