Lundin Mining (TSE:LUN) PT Set at C$14.50 by Stifel Nicolaus

Lundin Mining (TSE:LUN) has been given a C$14.50 target price by equities researchers at Stifel Nicolaus in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 9.52% from the stock’s current price.

Several other research analysts have also recently issued reports on LUN. CIBC cut their target price on shares of Lundin Mining from C$13.00 to C$12.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. Eight Capital set a C$11.50 price target on Lundin Mining and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Raymond James raised their price objective on Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of Lundin Mining from C$8.90 to C$8.40 in a research report on Friday, January 19th. Finally, Veritas Investment Research restated a “sell” rating on shares of Lundin Mining in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$12.13.

Lundin Mining Trading Up 0.8 %

Shares of Lundin Mining stock traded up C$0.10 during trading hours on Tuesday, hitting C$13.24. The company’s stock had a trading volume of 635,533 shares, compared to its average volume of 2,068,961. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The business has a fifty day moving average of C$11.37 and a 200 day moving average of C$10.31. Lundin Mining has a 1-year low of C$7.70 and a 1-year high of C$13.80. The company has a market capitalization of C$10.25 billion, a PE ratio of 31.60, a P/E/G ratio of -0.26 and a beta of 1.81.

Lundin Mining (TSE:LUN) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. As a group, equities analysts forecast that Lundin Mining will post 0.8100183 EPS for the current year.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 16.06% of the stock is owned by corporate insiders.

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.