Lundin Mining (TSE:LUN – Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from C$9.10 to C$15.50 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 3.43% from the company’s current price.
Several other equities analysts have also recently issued reports on LUN. Pi Financial restated a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$12.00 to C$16.00 in a report on Wednesday, March 27th. CIBC upped their price target on Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday. Canaccord Genuity Group upped their price target on Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday. Finally, Jefferies Financial Group increased their target price on Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$14.56.
Read Our Latest Research Report on Lundin Mining
Lundin Mining Stock Performance
Lundin Mining (TSE:LUN – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, equities analysts expect that Lundin Mining will post 0.8396226 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’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. 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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