Lundin Mining Co. (TSE:LUN) Receives Consensus Rating of “Hold” from Analysts

Lundin Mining Co. (TSE:LUN) has earned a consensus recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$17.42.

Several research analysts have recently commented on LUN shares. Royal Bank of Canada lifted their target price on Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Scotiabank lowered their target price on shares of Lundin Mining from C$18.50 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday. Eight Capital lifted their price target on shares of Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. Canaccord Genuity Group dropped their price objective on shares of Lundin Mining from C$17.50 to C$16.50 in a research note on Monday, July 22nd. Finally, UBS Group lifted their target price on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th.

Lundin Mining Stock Down 1.7 %

LUN stock opened at C$13.09 on Monday. The company has a market capitalization of C$10.16 billion, a P/E ratio of 68.89, a PEG ratio of -0.26 and a beta of 1.82. The firm has a 50 day simple moving average of C$15.04 and a 200-day simple moving average of C$14.02. 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 has a twelve month low of C$8.18 and a twelve month high of C$17.97.

Lundin Mining (TSE:LUN) last issued its earnings results on Tuesday, July 30th. 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). The company had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion. Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. On average, equities research analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Insider Buying and Selling at Lundin Mining

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

About Lundin Mining

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.