Lundin Mining (TSE:LUN) Price Target Raised to C$16.50

Lundin Mining (TSE:LUN) had its price target lifted by Canaccord Genuity Group from C$11.00 to C$16.50 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective would suggest a potential upside of 5.50% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, March 26th. CIBC decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. National Bankshares decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Monday, January 15th. Finally, Jefferies Financial Group raised their price objective on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, nine have issued 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 target price of C$14.48.

Lundin Mining Trading Up 2.7 %

Shares of TSE:LUN traded up C$0.41 during trading on Wednesday, reaching C$15.64. The company’s stock had a trading volume of 2,633,501 shares, compared to its average volume of 2,297,374. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The firm’s 50 day simple moving average is C$12.71 and its two-hundred day simple moving average is C$10.86. The stock has a market capitalization of C$12.12 billion, a PE ratio of 37.24, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The business had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. On average, research analysts predict 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 Lundin Mining stock in a transaction 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. Corporate 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.