Lundin Mining (TSE:LUN – Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from C$9.10 to C$15.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 0.90% from the stock’s previous close.
LUN has been the topic of several other research reports. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$12.00 to C$16.00 in a report on Wednesday, March 27th. Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the stock a “buy” rating in a report on Tuesday, March 26th. Pi Financial reaffirmed a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, National Bankshares decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Monday, January 15th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$14.48.
Read Our Latest Stock Analysis on LUN
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last posted its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The firm had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. On average, research analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current year.
Insider Activity at Lundin Mining
In related news, Senior Officer Annie Laurenson sold 5,200 shares of the 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. 15.70% of the stock is currently owned by corporate insiders.
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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