Lundin Mining (TSE:LUN) Given New C$14.70 Price Target at JPMorgan Chase & Co.

Lundin Mining (TSE:LUNGet Rating) had its target price decreased by investment analysts at JPMorgan Chase & Co. from C$15.00 to C$14.70 in a research note issued to investors on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.20% from the stock’s current price.

LUN has been the topic of several other research reports. UBS Group raised their price target on shares of Lundin Mining from C$10.90 to C$11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 2nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Lundin Mining from C$11.00 to C$12.00 in a research note on Thursday, March 10th. Scotiabank raised their price objective on shares of Lundin Mining from C$12.00 to C$13.50 in a research note on Wednesday, April 13th. Haywood Securities raised their price objective on shares of Lundin Mining from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Tuesday, February 22nd. Finally, Canaccord Genuity Group raised their price objective on shares of Lundin Mining from C$10.00 to C$11.00 in a research note on Monday, January 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$13.27.

Shares of TSE:LUN traded down C$0.95 during trading hours on Thursday, hitting C$12.76. The stock had a trading volume of 1,372,078 shares, compared to its average volume of 1,938,943. The stock’s fifty day simple moving average is C$12.55 and its 200 day simple moving average is C$11.16. Lundin Mining has a 1-year low of C$8.56 and a 1-year high of C$15.94. The firm has a market capitalization of C$9.42 billion and a price-to-earnings ratio of 9.54. 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 announced its quarterly earnings results on Thursday, February 17th. The mining company reported C$0.48 EPS for the quarter, beating the consensus estimate of C$0.41 by C$0.07. The firm had revenue of C$1.28 billion during the quarter. As a group, research analysts anticipate that Lundin Mining will post 10.9280948 EPS for the current year.

In other Lundin Mining 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 value of C$349,671.00. Following the transaction, the insider now owns 271,263 shares in the company, valued at 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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