Lundin Mining (TSE:LUN – Get Free Report) had its price target hoisted by analysts at Bank of America from C$12.50 to C$18.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Bank of America‘s price target indicates a potential upside of 14.13% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity Group lowered their target price on shares of Lundin Mining from C$11.00 to C$10.75 in a report on Monday, January 22nd. BMO Capital Markets upgraded shares of Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$12.00 to C$16.00 in a report on Wednesday, March 27th. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the company a “buy” rating in a report on Tuesday, March 26th. Raymond James lifted their price objective on shares of Lundin Mining from C$9.50 to C$11.50 in a report on Wednesday, March 20th. Finally, Morgan Stanley lifted their price objective on shares of Lundin Mining from C$12.60 to C$16.40 and gave the company an “overweight” rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Hold” and a consensus price target of C$13.21.
Get Our Latest Stock Report on Lundin Mining
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion during the quarter, compared to the consensus estimate 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, research analysts expect that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insider Buying and Selling at Lundin Mining
In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 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.
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