Lundin Mining (TSE:LUN) Price Target Raised to C$19.50

Lundin Mining (TSE:LUN) had its price target increased by research analysts at BMO Capital Markets from C$16.50 to C$19.50 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the mining company’s stock. BMO Capital Markets’ target price points to a potential upside of 19.19% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Eight Capital downgraded shares of Lundin Mining from a “buy” rating to a “neutral” rating and increased their price objective for the company from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Bank of America increased their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. Morgan Stanley increased their target price on shares of Lundin Mining from C$16.40 to C$20.00 in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the company a “buy” rating in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$15.65.

Lundin Mining Price Performance

TSE LUN opened at C$16.36 on Tuesday. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57. The firm’s 50 day moving average price is C$15.28 and its 200-day moving average price is C$12.12. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The company has a market cap of C$12.70 billion, a PE ratio of 86.11, a P/E/G ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The business had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Sell-side analysts forecast that Lundin Mining will post 0.8013972 EPS for the current fiscal year.

Insider Activity at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction 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. Insiders sold 26,534 shares of company stock worth $439,992 over the last 90 days. Company insiders own 15.70% of the company’s stock.

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.