Lundin Mining Co. (TSE:LUN - Free Report) - Research analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for Lundin Mining in a report issued on Wednesday, June 18th. Desjardins analyst B. Adams now anticipates that the mining company will post earnings of $0.66 per share for the year, up from their prior forecast of $0.64. Desjardins has a "Buy" rating and a $17.00 price objective on the stock.
A number of other analysts have also issued reports on the company. BMO Capital Markets raised Lundin Mining to a "strong-buy" rating in a report on Friday, June 6th. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. TD Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price for the company in a research report on Tuesday, April 15th. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. Finally, The Goldman Sachs Group set a C$16.60 target price on Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$15.91.
Read Our Latest Report on Lundin Mining
Lundin Mining Stock Up 5.7%
Shares of LUN traded up C$0.79 during trading hours on Monday, hitting C$14.71. 2,942,783 shares of the company were exchanged, compared to its average volume of 2,666,651. The company has a market cap of C$8.99 billion, a PE ratio of 29.19, a PEG ratio of -0.26 and a beta of 1.66. The firm's 50 day moving average is C$12.85 and its 200-day moving average is C$12.30. Lundin Mining has a 52 week low of C$8.94 and a 52 week high of C$16.31. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.
Insiders Place Their Bets
In other news, Director Jack Oliver Lundin acquired 20,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of C$12.65 per share, with a total value of C$252,934.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. In the last three months, insiders bought 3,070,000 shares of company stock valued at $37,265,934. 15.70% of the stock is currently owned by insiders.
About Lundin Mining
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Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.
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