Lundin Mining (TSE:LUN) Issues Quarterly Earnings Results

Lundin Mining (TSE:LUN) announced its quarterly earnings data on Tuesday. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03), reports. Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The company had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.51 billion.

Lundin Mining Trading Down 4.4 %

Shares of LUN opened at C$13.32 on Friday. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90. The firm has a market capitalization of C$10.34 billion, a price-to-earnings ratio of 70.11, a PEG ratio of -0.26 and a beta of 1.82. The company has a 50-day moving average of C$15.11 and a 200 day moving average of C$13.95. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$17.97.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. Corporate insiders own 15.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their target price on shares of Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. Eight Capital raised their price objective on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Royal Bank of Canada increased their price target on Lundin Mining from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Raymond James raised their price target on Lundin Mining from C$15.00 to C$18.00 in a report on Thursday, May 23rd. Finally, Bank of America upped their price objective on Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$17.42.

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.