Lundin Mining (TSE:LUN) Price Target Cut to C$18.00 by Analysts at Scotiabank

Lundin Mining (TSE:LUN) had its price objective lowered by Scotiabank from C$18.50 to C$18.00 in a report published on Thursday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the mining company’s stock.

A number of other research firms have also recently issued reports on LUN. Jefferies Financial Group raised their target price on Lundin Mining from C$18.00 to C$20.00 and gave the company a buy rating in a research note on Friday, April 12th. BMO Capital Markets upped their price objective on Lundin Mining from C$16.50 to C$19.50 and gave the company an outperform rating in a report on Tuesday, May 21st. Eight Capital lifted their target price on Lundin Mining from C$16.00 to C$17.50 in a report on Thursday, July 11th. Royal Bank of Canada raised their price objective on shares of Lundin Mining from C$13.00 to C$17.00 and gave the company a sector perform rating in a research report on Friday, May 3rd. Finally, Raymond James lifted their price objective on shares of Lundin Mining from C$15.00 to C$18.00 in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of C$17.42.

Lundin Mining Trading Down 1.7 %

Shares of TSE LUN opened at C$13.09 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. The stock’s 50 day moving average price is C$15.04 and its two-hundred day moving average price is C$14.02. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The stock 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.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion for 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, analysts anticipate that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Insider Activity at Lundin Mining

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. 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 transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction on 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 currently owned by 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.