Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$8.69.
A number of equities analysts have issued reports on LUN shares. Raymond James restated a “market perform” rating and issued a C$9.00 price objective on shares of Lundin Mining in a research report on Friday, July 26th. BMO Capital Markets cut their target price on shares of Lundin Mining from C$8.50 to C$7.50 in a research note on Thursday, September 26th. Haywood Securities cut their target price on shares of Lundin Mining from C$9.50 to C$8.50 in a research note on Monday, September 9th. National Bank Financial cut their target price on shares of Lundin Mining from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Thursday, September 12th. Finally, TD Securities cut their target price on shares of Lundin Mining from C$9.00 to C$8.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.
In related news, insider Nemesia S.a.r.l. bought 150,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of C$5.94 per share, with a total value of C$890,790.00. Following the purchase, the insider now owns 93,822,698 shares of the company’s stock, valued at approximately C$557,175,474.34.
Shares of LUN stock traded up C$0.02 during mid-day trading on Friday, reaching C$6.82. The stock had a trading volume of 1,394,400 shares, compared to its average volume of 2,311,150. The stock’s 50-day moving average price is C$6.50 and its two-hundred day moving average price is C$6.61. Lundin Mining has a 52-week low of C$4.70 and a 52-week high of C$7.96. The firm has a market capitalization of $5.02 billion and a PE ratio of 62.57. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 1.76.
Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, July 24th. The mining company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.07 by C($0.08). The business had revenue of C$493.94 million for the quarter. On average, equities research analysts forecast that Lundin Mining will post 0.54 earnings per share for the current year.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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