Lundin Mining (TSE:LUN) PT Raised to C$18.25

Lundin Mining (TSE:LUN - Get Free Report) had its price objective increased by investment analysts at UBS Group from C$12.50 to C$18.25 in a report issued on Tuesday, BayStreet.CA reports. UBS Group's target price would indicate a potential upside of 10.81% from the stock's current price.

Other analysts have also recently issued reports about the company. Raymond James boosted their price target on Lundin Mining from C$9.50 to C$11.50 in a report on Wednesday, March 20th. Morgan Stanley boosted their price target on Lundin Mining from C$12.60 to C$16.40 and gave the stock an "overweight" rating in a report on Thursday, March 28th. CIBC cut their price objective on Lundin Mining from C$13.00 to C$12.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 16th. JPMorgan Chase & Co. cut their price objective on Lundin Mining from C$8.90 to C$8.40 in a research note on Friday, January 19th. Finally, National Bankshares dropped their price target on Lundin Mining from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research note on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$13.21.

Lundin Mining Stock Performance

Shares of LUN traded up C$0.45 during midday trading on Tuesday, reaching C$16.47. 6,695,390 shares of the stock were exchanged, compared to its average volume of 2,240,837. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$16.51. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The company has a market cap of C$12.77 billion, a P/E ratio of 39.21, a PEG ratio of -0.26 and a beta of 1.85. The stock's 50 day simple moving average is C$12.27 and its 200 day simple moving average is C$10.66.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts' consensus estimates of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. On average, sell-side analysts expect that Lundin Mining will post 0.8396226 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the company's stock in a transaction 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. Corporate insiders own 15.70% of the company's stock.

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.