Lundin Mining (TSE:LUN – Get Free Report) had its price target lowered by research analysts at TD Securities from C$12.50 to C$10.50 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the mining company’s stock. TD Securities’ price objective points to a potential upside of 17.98% from the company’s previous close.
Several other brokerages also recently issued reports on LUN. Canaccord Genuity Group reduced their price target on shares of Lundin Mining from C$13.00 to C$11.50 and set a “buy” rating on the stock in a report on Friday, October 20th. Haywood Securities boosted their price objective on shares of Lundin Mining from C$11.50 to C$12.00 in a research report on Friday, July 14th. CIBC boosted their price objective on shares of Lundin Mining from C$21.00 to C$22.00 in a research report on Friday, July 14th. JPMorgan Chase & Co. lowered shares of Lundin Mining from a “neutral” rating to an “underweight” rating and cut their price objective for the company from C$8.40 to C$8.00 in a research report on Thursday, October 12th. Finally, Barclays cut their price objective on shares of Lundin Mining from C$11.00 to C$10.00 in a research report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and a consensus price target of C$12.03.
Lundin Mining Stock Down 1.2 %
Lundin Mining (TSE:LUN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The mining company reported C$0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.03). Lundin Mining had a net margin of 12.15% and a return on equity of 6.57%. The business had revenue of C$790.56 million during the quarter, compared to analysts’ expectations of C$823.32 million. Equities analysts anticipate that Lundin Mining will post 1.1490196 EPS for the current fiscal 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 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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