Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$17.51

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$17.54.

Several equities analysts have commented on LUN shares. CIBC increased their target price on Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Canaccord Genuity Group dropped their price objective on shares of Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. Haywood Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 target price on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and dropped their price target for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Finally, Eight Capital boosted their price objective on shares of Lundin Mining from C$16.00 to C$17.50 in a research note on Thursday, July 11th.

Lundin Mining Price Performance

LUN stock opened at C$14.47 on Friday. The stock has a market cap of C$11.24 billion, a price-to-earnings ratio of 51.68, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company has a 50 day simple moving average of C$13.39 and a 200 day simple moving average of C$14.64. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$17.97.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.51 billion.

Insiders Place Their Bets

In related news, Director Jack Oliver Lundin acquired 65,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is currently 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.