Lundin Mining (TSE:LUN) PT Lowered to C$16.50 at BMO Capital Markets

Lundin Mining (TSE:LUN) had its target price decreased by investment analysts at BMO Capital Markets from C$17.00 to C$16.50 in a research note issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential upside of 9.85% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus set a C$14.50 price objective on Lundin Mining and gave the stock a “buy” rating in a report on Tuesday, March 26th. Morgan Stanley raised their price target on Lundin Mining from C$16.30 to C$16.40 in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their price target on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised their price target on Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, Raymond James raised their price target on Lundin Mining from C$13.00 to C$15.00 in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$14.95.

Lundin Mining Price Performance

LUN traded down C$0.33 during trading on Thursday, reaching C$15.02. 1,989,756 shares of the company were exchanged, compared to its average volume of 2,413,352. The company’s 50-day moving average is C$13.72 and its two-hundred day moving average is C$11.33. The company has a market cap of C$11.64 billion, a price-to-earnings ratio of 35.69, a P/E/G ratio of -0.26 and a beta of 1.85. The company has a quick ratio of 0.90, a current ratio of 1.48 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.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$1.26 billion for 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%. Research analysts forecast that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by corporate insiders.

Lundin Mining 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, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.