Raymond James Increases Lundin Mining (TSE:LUN) Price Target to C$18.00

Lundin Mining (TSE:LUN) had its target price upped by equities research analysts at Raymond James from C$15.00 to C$18.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 13.14% from the stock’s current price.

A number of other analysts have also recently commented on LUN. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Haywood Securities lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. BMO Capital Markets upped their price target on Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity Group upped their target price on Lundin Mining from C$16.50 to C$17.50 and gave the stock a “hold” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Lundin Mining has an average rating of “Hold” and an average price target of C$15.82.

Lundin Mining Trading Down 2.8 %

Shares of TSE LUN traded down C$0.45 during trading hours on Thursday, reaching C$15.91. The stock had a trading volume of 1,160,004 shares, compared to its average volume of 2,415,924. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The firm has a market cap of C$12.35 billion, a price-to-earnings ratio of 84.21, a P/E/G ratio of -0.26 and a beta of 1.82. The business’s fifty day moving average price is C$15.28 and its two-hundred day moving average price is C$12.12. The company has a current ratio of 1.57, a quick ratio of 0.90 and a debt-to-equity ratio of 25.05.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share 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 analysts’ expectations of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. Analysts expect that Lundin Mining will post 0.7934045 EPS for the current fiscal year.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. In the last quarter, insiders sold 26,534 shares of company stock worth $439,992. 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.