Lundin Mining (TSE:LUN – Get Free Report) had its target price lowered by equities researchers at Canaccord Genuity Group from C$17.50 to C$16.50 in a research note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 17.19% from the stock’s previous close.
LUN has been the topic of a number of other research reports. BMO Capital Markets lifted their price target on Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. UBS Group lifted their price target on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on Lundin Mining from C$15.70 to C$18.80 in a research note on Wednesday, July 3rd. Stifel Nicolaus lifted their target price on Lundin Mining from C$16.50 to C$18.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, Bank of America lifted their target price on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of “Hold” and a consensus price target of C$17.49.
View Our Latest Stock Report on LUN
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The company had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. Analysts anticipate that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. In related news, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total value of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. 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.
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