Lundin Mining (TSE:LUN) Lowered to “Underweight” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Lundin Mining (TSE:LUN) from a neutral rating to an underweight rating in a research note issued to investors on Monday,BayStreet.CA reports. They currently have C$28.20 price objective on the mining company’s stock, down from their prior price objective of C$32.90.

Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their target price on Lundin Mining from C$23.00 to C$29.00 in a research note on Wednesday, December 10th. Cormark raised Lundin Mining from a “hold” rating to a “moderate buy” rating in a report on Monday, December 22nd. Ventum Financial lifted their price target on Lundin Mining from C$25.00 to C$32.00 in a research report on Monday, December 22nd. Canadian Imperial Bank of Commerce lifted their target price on shares of Lundin Mining from C$30.00 to C$37.00 in a report on Wednesday, February 4th. Finally, Scotiabank upped their target price on shares of Lundin Mining from C$25.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$33.87.

Lundin Mining Stock Up 1.6%

Shares of TSE:LUN opened at C$35.27 on Monday. The stock has a market capitalization of C$30.14 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of -0.26 and a beta of 2.01. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$45.74. The stock’s 50-day moving average price is C$35.33 and its 200-day moving average price is C$26.82. The company has a current ratio of 1.64, a quick ratio of 0.90 and a debt-to-equity ratio of 9.31.

Lundin Mining (TSE:LUN) last issued its earnings results on Friday, February 20th. The mining company reported C$0.59 EPS for the quarter. Lundin Mining had a net margin of 33.65% and a return on equity of 21.95%. The company had revenue of C$1.51 billion for the quarter.

About Lundin Mining

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.