Lundin Mining Co. (LUN.TO) (TSE:LUN) PT Raised to C$13.00


Share on StockTwits

Lundin Mining Co. (LUN.TO) (TSE:LUN) had its target price hoisted by analysts at Royal Bank of Canada from C$11.00 to C$13.00 in a report issued on Tuesday, AnalystRatings.net reports. Royal Bank of Canada’s price target suggests a potential upside of 14.34% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. CSFB upped their target price on Lundin Mining Co. (LUN.TO) from C$7.00 to C$7.50 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. TD Securities increased their price target on Lundin Mining Co. (LUN.TO) from C$10.00 to C$12.00 in a research note on Wednesday, December 16th. CIBC reissued a “neutral” rating and issued a C$11.00 price target on shares of Lundin Mining Co. (LUN.TO) in a research note on Wednesday, December 16th. Scotiabank decreased their price target on Lundin Mining Co. (LUN.TO) from C$10.00 to C$9.50 in a research note on Tuesday, December 1st. Finally, Eight Capital increased their price target on Lundin Mining Co. (LUN.TO) from C$10.50 to C$12.00 in a research note on Wednesday, October 14th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$11.74.

Shares of LUN opened at C$11.37 on Tuesday. Lundin Mining Co. has a 12-month low of C$0.01 and a 12-month high of C$12.47. The business has a 50-day simple moving average of C$10.68 and a two-hundred day simple moving average of C$8.70. The company has a quick ratio of 1.12, a current ratio of 1.57 and a debt-to-equity ratio of 7.97. The stock has a market cap of C$8.37 billion and a PE ratio of 56.85.

Lundin Mining Co. (LUN.TO) (TSE:LUN) last issued its earnings results on Wednesday, October 28th. The mining company reported C$0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.02. The firm had revenue of C$800.47 million during the quarter. On average, equities research analysts expect that Lundin Mining Co. will post 0.65 EPS for the current year.

In other Lundin Mining Co. (LUN.TO) news, Senior Officer Mikael Schauman bought 132,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 17th. The stock was acquired at an average price of C$4.32 per share, with a total value of C$570,240.00. Following the completion of the purchase, the insider now directly owns 214,000 shares of the company’s stock, valued at approximately C$924,480. Also, Senior Officer Jinhee Magie bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 24th. The shares were acquired at an average cost of C$4.32 per share, with a total value of C$129,600.00. Following the purchase, the insider now directly owns 250,000 shares of the company’s stock, valued at C$1,080,000. Insiders have purchased 228,330 shares of company stock valued at $1,114,706 in the last ninety days.

Lundin Mining Co. (LUN.TO) Company Profile

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, and Sweden. 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 Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

Read More: Are we seeing the beginning of a new bubble?

Analyst Recommendations for Lundin Mining Co. (LUN.TO) (TSE:LUN)

Receive News & Ratings for Lundin Mining Co. (LUN.TO) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining Co. (LUN.TO) and related companies with MarketBeat.com's FREE daily email newsletter.