Lundin Mining (TSE:LUN) Price Target Lowered to C$13.00 at Scotiabank

Lundin Mining (TSE:LUN – Get Rating) had its price target trimmed by Scotiabank from C$13.50 to C$13.00 in a report released on Friday morning, BayStreet.CA reports.

A number of other equities research analysts have also commented on LUN. Barclays increased their price target on Lundin Mining from C$10.00 to C$12.00 and gave the stock an equal weight rating in a research report on Thursday, April 21st. National Bankshares upped their price objective on Lundin Mining from C$12.25 to C$14.00 in a report on Friday, April 8th. Haywood Securities upped their price objective on Lundin Mining from C$13.00 to C$15.00 and gave the stock a buy rating in a report on Tuesday, February 22nd. Raymond James set a C$16.00 price objective on Lundin Mining and gave the stock a market perform rating in a report on Thursday. Finally, Canaccord Genuity Group raised Lundin Mining to a buy rating and set a C$14.00 price objective on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$13.57.

LUN stock opened at C$11.73 on Friday. Lundin Mining has a 1-year low of C$8.56 and a 1-year high of C$15.61. The firm has a market cap of C$8.66 billion and a P/E ratio of 8.64. The business’s 50 day moving average is C$12.57 and its 200-day moving average is C$11.26. The company has a current ratio of 1.94, a quick ratio of 1.60 and a debt-to-equity ratio of 0.62.

Lundin Mining (TSE:LUN – Get Rating) last released its quarterly earnings data on Thursday, February 17th. The mining company reported C$0.48 earnings per share for the quarter, beating the consensus estimate of C$0.41 by C$0.07. The company had revenue of C$1.28 billion during the quarter. Sell-side analysts forecast that Lundin Mining will post 11.1899997 EPS for the current year.

In other news, Senior Officer Jinhee Magie sold 30,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 271,263 shares of the company’s stock, valued at C$3,161,760.15. Also, Senior Officer Annie Laurenson acquired 10,000 shares of the stock in a transaction dated Thursday, April 28th. The shares were bought at an average cost of C$5.50 per share, with a total value of C$55,000.00. Following the transaction, the insider now directly owns 43,333 shares of the company’s stock, valued at C$238,331.50.

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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