Raymond James Increases Lundin Mining (TSE:LUN) Price Target to C$15.00

Lundin Mining (TSE:LUN) had its price target boosted by stock analysts at Raymond James from C$13.00 to C$15.00 in a research note issued on Wednesday, BayStreet.CA reports. Raymond James’ target price suggests a potential downside of 3.85% from the stock’s current price. Raymond James also issued estimates for Lundin Mining’s Q1 2024 earnings at $0.11 EPS, Q2 2024 earnings at $0.12 EPS, Q2 2024 earnings at $0.21 EPS, Q3 2024 earnings at $0.30 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $0.86 EPS and FY2024 earnings at $0.68 EPS.

A number of other equities analysts also recently issued reports on LUN. Eight Capital downgraded Lundin Mining from a “buy” rating to a “neutral” rating and increased their price target for the stock from C$13.00 to C$16.00 in a research report on Monday. UBS Group increased their price target on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a research report on Friday, March 1st. JPMorgan Chase & Co. increased their target price on Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Finally, National Bankshares reduced their target price on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Lundin Mining presently has an average rating of “Hold” and a consensus target price of C$14.93.

Lundin Mining Stock Up 1.8 %

Shares of LUN opened at C$15.60 on Wednesday. The company has a market capitalization of C$12.09 billion, a price-to-earnings ratio of 37.14, a PEG ratio of -0.26 and a beta of 1.85. The stock’s 50-day moving average price is C$13.36 and its 200-day moving average price is C$11.14. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$16.51.

Lundin Mining (TSE:LUN) last issued 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 business had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, sell-side analysts predict that Lundin Mining will post 0.8396226 EPS for the current year.

Insider Activity at Lundin Mining

In other Lundin Mining 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 value of C$69,160.00. 15.70% of the stock is currently owned by company insiders.

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.