Lundin Mining (TSE:LUN – Free Report) had its price target cut by Scotiabank from C$18.50 to C$18.00 in a research note published on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.
Several other equities research analysts also recently weighed in on the company. Canaccord Genuity Group cut their price target on Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Royal Bank of Canada upped their target price on 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. Eight Capital upped their target price on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Finally, National Bankshares decreased their price objective on Lundin Mining from C$19.50 to C$18.50 and set an outperform rating for the company in a research report on Monday, July 15th. One investment 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, the stock currently has an average rating of Hold and a consensus target price of C$17.42.
Read Our Latest Research Report on LUN
Lundin Mining Trading Down 2.2 %
Lundin Mining (TSE:LUN – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The business had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion. Analysts forecast that Lundin Mining will post 0.7934045 earnings per share for the current year.
Insider Buying and Selling
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 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 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. Also, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction that occurred 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 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.
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