Lundin Mining (TSE:LUN – Get Free Report) had its price target raised by research analysts at Jefferies Financial Group from C$18.00 to C$20.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the mining company’s stock. Jefferies Financial Group’s price target points to a potential upside of 28.04% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Morgan Stanley boosted their price objective on Lundin Mining from C$12.60 to C$16.40 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Canaccord Genuity Group reduced their price objective on Lundin Mining from C$11.00 to C$10.75 in a research note on Monday, January 22nd. BMO Capital Markets upgraded Lundin Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. Raymond James boosted their price objective on Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. Finally, National Bankshares reduced their price objective on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Monday, January 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$13.60.
Read Our Latest Research Report on Lundin Mining
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, research analysts predict that Lundin Mining will post 0.8396226 EPS for the current year.
Insider Activity at Lundin Mining
In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is 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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