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.

Lundin Mining Trading Up 3.1 %

TSE:LUN opened at C$7.35 on Friday. The company's fifty day simple moving average is C$8.20 and its 200-day simple moving average is C$10.58. Lundin Mining has a 52 week low of C$6.57 and a 52 week high of C$14.00. The company has a current ratio of 1.50, a quick ratio of 1.08 and a debt-to-equity ratio of 0.52. The stock has a market cap of C$5.71 billion and a P/E ratio of 6.07.

Lundin Mining (TSE:LUN - Get Rating) last posted its earnings results on Wednesday, July 27th. The mining company reported C($0.06) EPS for the quarter, missing analysts' consensus estimates of C$0.15 by C($0.21). The firm had revenue of C$753.31 million for the quarter, compared to analyst estimates of C$841.10 million. Equities research analysts predict that Lundin Mining will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LUN has been the topic of several research reports. Royal Bank of Canada lowered their price objective on shares of Lundin Mining from C$14.00 to C$10.00 and set a "sector perform" rating on the stock in a research report on Friday, July 29th. TD Securities downgraded shares of Lundin Mining from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$10.50 to C$8.00 in a research report on Friday, July 29th. Barclays lowered their price objective on shares of Lundin Mining from C$11.00 to C$9.00 and set a "na" rating on the stock in a research report on Tuesday, July 19th. National Bankshares lowered their target price on shares of Lundin Mining from C$9.50 to C$9.00 and set a "sector perform" rating on the stock in a report on Friday, July 29th. Finally, Raymond James lowered their target price on shares of Lundin Mining from C$16.00 to C$12.00 and set a "market perform" rating on the stock in a report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$13.56.

Insider Transactions at Lundin Mining

In related news, insider Nemesia S.a.r.l. purchased 370,100 shares of the business's stock in a transaction that occurred on Friday, May 27th. The shares were purchased at an average cost of C$11.03 per share, with a total value of C$4,081,351.77. Following the completion of the acquisition, the insider now directly owns 96,671,898 shares of the company's stock, valued at approximately C$1,066,068,689.57. In other news, Senior Officer Andrew Hastings purchased 5,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired 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 owns 31,466 shares of the company's stock, valued at C$207,675.60. Also, insider Nemesia S.a.r.l. purchased 370,100 shares of the stock in a transaction dated Friday, May 27th. The shares were purchased at an average price of C$11.03 per share, with a total value of C$4,081,351.77. Following the transaction, the insider now directly owns 96,671,898 shares of the company's stock, valued at approximately C$1,066,068,689.57. Over the last three months, insiders have bought 1,478,400 shares of company stock valued at $14,882,452.