Lundin Mining - LUN Stock Forecast, Price & News

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden. It also holds 80% interests in the Candelaria and Ojos del Salado mining complex located in Chile. The company was formerly known as South Atlantic Ventures Ltd. and changed its name to Lundin Mining Corporation in August 2004. Lundin Mining Corporation was incorporated in 1994 and is headquartered in Toronto, Canada.

Analysts Set New Price Targets

LUN has been the topic of a number of research analyst reports. CSFB lowered Lundin Mining from a "buy" rating to a "hold" rating and lowered their target price for the company from C$15.00 to C$9.00 in a report on Friday, July 22nd. UBS Group decreased their price objective on Lundin Mining from C$11.00 to C$8.50 and set a "neutral" rating on the stock in a report on Wednesday, July 6th. Royal Bank of Canada decreased their price objective on Lundin Mining from C$14.00 to C$10.00 and set a "sector perform" rating on the stock in a report on Friday, July 29th. Credit Suisse Group lowered Lundin Mining to a "hold" rating and set a C$9.00 price objective on the stock. in a report on Friday, July 22nd. Finally, The Goldman Sachs Group lowered Lundin Mining to a "hold" rating and set a C$69.00 price objective on the stock. in a report on Wednesday, July 13th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Lundin Mining currently has an average rating of "Hold" and an average price target of C$13.68.

Lundin Mining Price Performance

LUN traded down C$0.12 during trading on Tuesday, hitting C$6.83. The company's stock had a trading volume of 5,375,142 shares, compared to its average volume of 2,337,190. The firm's 50 day moving average price is C$8.53 and its two-hundred day moving average price is C$10.67. The company has a quick ratio of 1.08, a current ratio of 1.50 and a debt-to-equity ratio of 0.52. Lundin Mining has a 12 month low of C$6.57 and a 12 month high of C$14.00. The stock has a market capitalization of C$5.31 billion and a price-to-earnings ratio of 5.64.

Lundin Mining (TSE:LUN - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The mining company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.21). The business had revenue of C$753.31 million during the quarter, compared to analysts' expectations of C$841.10 million. Sell-side analysts forecast that Lundin Mining will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Lundin Mining

In other news, Senior Officer Andrew Hastings bought 5,000 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of C$6.60 per share, for a total transaction of C$33,000.00. Following the completion of the transaction, the insider now directly owns 31,466 shares in the company, valued at approximately C$207,675.60. In other news, insider Nemesia S.a.r.l. bought 500,000 shares of the company's stock in a transaction dated Tuesday, June 14th. The stock was bought at an average price of C$10.15 per share, for a total transaction of C$5,073,250.00. Following the completion of the transaction, the insider now directly owns 97,172,698 shares in the company, valued at approximately C$985,962,780.26. Also, Senior Officer Andrew Hastings bought 5,000 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of C$6.60 per share, with a total value of C$33,000.00. Following the transaction, the insider now owns 31,466 shares of the company's stock, valued at C$207,675.60. Insiders bought a total of 1,728,400 shares of company stock worth $17,342,252 over the last 90 days.