Lundin Mining (TSE:LUN) Upgraded at Haywood Securities

Haywood Securities upgraded shares of Lundin Mining (TSE:LUN) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has C$17.00 price objective on the mining company’s stock.

Several other brokerages have also commented on LUN. BMO Capital Markets upped their target price on Lundin Mining from C$16.50 to C$19.50 and gave the company an outperform rating in a research report on Tuesday, May 21st. 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. Royal Bank of Canada lifted their price objective on shares of Lundin Mining from C$13.00 to C$17.00 and gave the company a sector perform rating in a research note on Friday, May 3rd. UBS Group increased their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Finally, National Bankshares decreased their price target on shares of Lundin Mining from C$19.50 to C$18.50 and set an outperform rating for the company in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining has a consensus rating of Hold and an average price target of C$17.45.

Lundin Mining Stock Up 3.6 %

Shares of TSE LUN opened at C$12.47 on Tuesday. The company’s 50 day moving average price is C$14.80 and its 200-day moving average price is C$14.05. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The company has a market capitalization of C$9.69 billion, a P/E ratio of 43.00, a price-to-earnings-growth ratio of -0.26 and a beta of 1.67.

Lundin Mining (TSE:LUN) last announced its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). The firm had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. Equities analysts forecast that Lundin Mining will post 0.9811172 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. Corporate 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.