Lundin Mining (TSE:LUN) PT Raised to C$15.50 at JPMorgan Chase & Co.

Lundin Mining (TSE:LUN) had its price objective boosted by research analysts at JPMorgan Chase & Co. from C$9.10 to C$15.50 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 3.43% from the stock’s previous close.

A number of other brokerages also recently commented on LUN. Raymond James increased their price target on Lundin Mining from C$9.50 to C$11.50 in a research report on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. UBS Group raised their target price on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. BMO Capital Markets upgraded Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$12.00 to C$16.00 in a research report on Wednesday, March 27th. Finally, Canaccord Genuity Group lifted their price target on Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$14.56.

Lundin Mining Trading Up 2.6 %

Shares of LUN stock opened at C$16.05 on Wednesday. The stock has a market cap of C$12.44 billion, a price-to-earnings ratio of 38.21, a PEG ratio of -0.26 and a beta of 1.85. The stock has a 50-day moving average of C$12.80 and a 200-day moving average of C$10.89. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The firm had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. On average, equities research analysts forecast that Lundin Mining will post 0.8396226 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s 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 value of C$69,160.00. 15.70% of the stock is currently owned by company 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.