Lundin Mining (TSE:LUN – Get Free Report) had its price objective hoisted by equities research analysts at Morgan Stanley from C$16.40 to C$20.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Morgan Stanley’s price objective would suggest a potential upside of 27.47% from the stock’s previous close.
A number of other research firms have also commented on LUN. Eight Capital lowered Lundin Mining from a “buy” rating to a “neutral” rating and increased their price objective for the company from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Royal Bank of Canada raised their price target on Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Bank of America raised their price target on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. Finally, Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$15.43.
View Our Latest Research Report on Lundin Mining
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, research analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insiders Place Their Bets
In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by company 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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