Eight Capital Boosts Lundin Mining (TSE:LUN) Price Target to C$16.00

Lundin Mining (TSE:LUNGet Rating) had its price target hoisted by research analysts at Eight Capital from C$15.00 to C$16.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Eight Capital’s price target suggests a potential upside of 25.39% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Scotiabank raised their price target on shares of Lundin Mining from C$12.00 to C$13.50 in a research report on Wednesday, April 13th. CIBC raised their target price on shares of Lundin Mining from C$11.00 to C$13.00 and gave the company a “neutral” rating in a report on Friday, February 18th. UBS Group raised their target price on shares of Lundin Mining from C$10.90 to C$11.00 and gave the company a “neutral” rating in a report on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lundin Mining from C$11.00 to C$12.00 in a report on Thursday, March 10th. Finally, Haywood Securities raised their target price on shares of Lundin Mining from C$13.00 to C$15.00 and gave the company a “buy” rating in a report on Tuesday, February 22nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$13.27.

TSE:LUN traded down C$0.95 during mid-day trading on Thursday, reaching C$12.76. 1,372,078 shares of the company’s stock were exchanged, compared to its average volume of 1,938,943. Lundin Mining has a one year low of C$8.56 and a one year high of C$15.94. The firm has a market capitalization of C$9.42 billion and a PE ratio of 9.54. The business’s fifty day simple moving average is C$12.55 and its two-hundred day simple moving average is C$11.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.60 and a current ratio of 1.94.

Lundin Mining (TSE:LUNGet Rating) last released its quarterly earnings results on Thursday, February 17th. The mining company reported C$0.48 EPS for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.07. The business had revenue of C$1.28 billion for the quarter. As a group, equities research analysts forecast that Lundin Mining will post 10.9280948 EPS for the current year.

In related news, Senior Officer Jinhee Magie sold 30,000 shares of Lundin Mining stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of C$11.66, for a total transaction of C$349,671.00. Following the sale, the insider now directly owns 271,263 shares in the company, valued at approximately C$3,161,760.15.

Lundin Mining Company Profile (Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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