Lundin Mining (TSE:LUN) Given New C$17.00 Price Target at CIBC

Lundin Mining (TSE:LUN) had its price objective raised by CIBC from C$16.00 to C$17.00 in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has a neutral rating on the mining company’s stock.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Lundin Mining from C$18.80 to C$18.20 in a research report on Thursday, August 1st. Scotiabank decreased their price objective on shares of Lundin Mining from C$18.50 to C$18.00 and set a sector perform rating for the company in a report on Thursday, August 1st. Canaccord Genuity Group cut their target price on Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. Morgan Stanley upped their price target on Lundin Mining from C$20.00 to C$20.70 in a research note on Friday, June 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$17.45.

Lundin Mining Trading Up 0.6 %

LUN traded up C$0.07 during trading on Tuesday, reaching C$12.54. The company had a trading volume of 1,126,111 shares, compared to its average volume of 2,325,995. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$17.97. The firm’s 50-day simple moving average is C$14.73 and its 200 day simple moving average is C$14.03. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market cap of C$9.74 billion, a price-to-earnings ratio of 43.21, a PEG ratio of -0.26 and a beta of 1.67.

Lundin Mining (TSE:LUN) last issued its earnings results on Tuesday, July 30th. The mining company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The business had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. Equities research analysts anticipate that Lundin Mining will post 0.9811172 earnings per share for the current year.

Insider Activity

In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total value of C$215,000.00. In other news, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. 15.70% of the stock is owned by company insiders.

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.