Stifel Nicolaus Cuts Lundin Mining (TSE:LUN) Price Target to C$16.00

Lundin Mining (TSE:LUN) had its target price reduced by Stifel Nicolaus from C$17.50 to C$16.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 32.34% from the company’s current price.

Several other analysts have also recently weighed in on LUN. Ventum Financial boosted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. UBS Group dropped their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Raymond James dropped their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a report on Thursday, January 16th. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Scotiabank lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.19.

Lundin Mining Stock Performance

Shares of TSE:LUN traded up C$0.29 during trading on Thursday, reaching C$12.09. 249,401 shares of the stock were exchanged, compared to its average volume of 2,335,791. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining has a 12 month low of C$10.56 and a 12 month high of C$17.97. The stock has a 50-day moving average price of C$12.81 and a 200-day moving average price of C$13.39. The firm has a market cap of C$9.39 billion, a PE ratio of 43.18, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

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.