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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LUN shares. Barclays cut their price target on Lundin Mining from C$11.00 to C$9.00 and set a "na" rating on the stock in a report on Tuesday, July 19th. BMO Capital Markets began coverage on shares of Lundin Mining in a report on Monday, May 2nd. They issued a "buy" rating and a C$16.50 price target on the stock. The Goldman Sachs Group lowered shares of Lundin Mining to a "hold" rating and set a C$69.00 price objective for the company. in a research note on Wednesday, July 13th. CSFB downgraded shares of 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 research note on Friday, July 22nd. Finally, Stifel Nicolaus decreased their price objective on Lundin Mining from C$14.00 to C$12.50 in a report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$13.78.

Lundin Mining Trading Up 0.4 %

Shares of TSE:LUN opened at C$6.85 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.08 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 business has a 50 day moving average of C$8.62 and a two-hundred day moving average of C$10.70. The company has a market capitalization of C$5.33 billion and a PE ratio of 5.66.

Lundin Mining (TSE:LUN - Get Rating) last posted its earnings results 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 company had revenue of C$753.31 million for the quarter, compared to analysts' expectations of C$841.10 million. As a group, analysts forecast that Lundin Mining will post 1.01 EPS for the current year.

Insider Transactions at Lundin Mining

In other Lundin Mining news, Senior Officer Andrew Hastings purchased 5,000 shares of Lundin Mining stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of C$6.60 per share, with a total value of C$33,000.00. Following the acquisition, the insider now owns 31,466 shares of the company's stock, valued at approximately C$207,675.60. In other Lundin Mining news, Senior Officer Andrew Hastings acquired 5,000 shares of the business's stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost 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 of the company's stock, valued at C$207,675.60. Also, insider Nemesia S.a.r.l. bought 100,000 shares of the firm's stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average price of C$10.89 per share, for a total transaction of C$1,088,800.00. Following the transaction, the insider now directly owns 96,272,698 shares in the company, valued at C$1,048,217,135.82. Insiders have bought a total of 1,728,400 shares of company stock valued at $17,342,252 in the last ninety days.