Lundin Mining (TSE:LUN – Get Free Report) had its price objective boosted by research analysts at Royal Bank of Canada from C$13.00 to C$17.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the mining company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 12.21% from the company’s current price.
Other research analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Bank of America lifted their price target on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. Raymond James lifted their price target on shares of Lundin Mining from C$13.00 to C$15.00 in a research note on Wednesday, April 24th. Stifel Nicolaus set a C$14.50 price target on shares of Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Finally, CIBC lifted their price target on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$15.23.
Check Out Our Latest Stock Analysis on LUN
Lundin Mining Stock Up 0.8 %
Lundin Mining (TSE:LUN – Get Free Report) last issued its earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, analysts anticipate that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insiders Place Their Bets
In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 15.70% of the company’s stock.
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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