Lundin Mining (TSE:LUN) PT Raised to C$17.00 at Royal Bank of Canada

Lundin Mining (TSE:LUN) had its price objective increased by research analysts at Royal Bank of Canada from C$13.00 to C$17.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the mining company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 12.21% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group increased their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday, April 17th. BMO Capital Markets dropped their price objective on shares of Lundin Mining from C$17.00 to C$16.50 in a research note on Thursday. Raymond James increased their price objective on shares of Lundin Mining from C$13.00 to C$15.00 in a research note on Wednesday, April 24th. Morgan Stanley increased their price objective on shares of Lundin Mining from C$16.30 to C$16.40 in a research note on Tuesday, April 23rd. Finally, Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$15.23.

Lundin Mining Stock Up 0.8 %

Shares of LUN stock traded up C$0.12 during trading hours on Friday, hitting C$15.15. 1,922,041 shares of the company were exchanged, compared to its average volume of 2,416,395. 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 has a one year low of C$8.18 and a one year high of C$16.51. The business’s 50-day simple moving average is C$13.80 and its two-hundred day simple moving average is C$11.36. The stock has a market capitalization of C$11.74 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Sell-side analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Insider Activity at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s 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.

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.