Lundin Mining (TSE:LUN – Get Free Report) had its price objective lifted by research analysts at CIBC from C$12.00 to C$15.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm currently has a “neutral” rating on the mining company’s stock. CIBC’s price target points to a potential downside of 4.09% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Jefferies Financial Group upped their price objective on shares of Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Friday, April 12th. BMO Capital Markets upgraded shares of Lundin Mining from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$12.00 to C$16.00 in a report on Wednesday, March 27th. Bank of America upped their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the stock a “buy” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Lundin Mining has an average rating of “Hold” and an average price target of C$14.48.
Lundin Mining Trading Up 2.7 %
Lundin Mining (TSE:LUN – Get Free Report) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. On average, sell-side analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Annie Laurenson sold 5,200 shares of the 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 transaction of C$69,160.00. 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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