Lundin Mining (TSE:LUN – Get Free Report) had its target price lowered by equities research analysts at Royal Bank of Canada from C$20.00 to C$16.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the mining company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 42.35% from the stock’s current price.
LUN has been the subject of several other research reports. Morgan Stanley raised their price target on shares of Lundin Mining from C$20.00 to C$20.70 in a research report on Friday, June 21st. Raymond James raised their price target on shares of Lundin Mining from C$15.00 to C$18.00 in a research report on Thursday, May 23rd. Stifel Nicolaus lifted their target price on shares of Lundin Mining from C$16.50 to C$18.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and cut their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Finally, National Bankshares cut their target price on shares of 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 analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Hold” and an average target price of C$17.51.
Read Our Latest Stock Analysis on Lundin Mining
Lundin Mining Stock Down 2.5 %
Lundin Mining (TSE:LUN – Get Free Report) last released its 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). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.51 billion. As a group, equities analysts expect that Lundin Mining will post 0.8613678 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Jack Oliver Lundin purchased 65,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Corporate insiders own 15.70% of the company’s stock.
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.
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