Lundin Mining (TSE:LUN) Price Target Raised to C$19.00 at Ventum Financial

Lundin Mining (TSE:LUN) had its target price increased by Ventum Financial from C$18.50 to C$19.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Canaccord Genuity Group lowered their target price on Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from C$18.00 to C$16.00 in a research report on Monday, August 19th. CIBC upped their price target on shares of Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Finally, Morgan Stanley raised their price target on shares of Lundin Mining from C$20.00 to C$20.70 in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$17.54.

Lundin Mining Trading Up 2.3 %

Shares of Lundin Mining stock opened at C$14.47 on Friday. The firm’s 50 day moving average is C$13.39 and its 200 day moving average is C$14.64. The firm has a market capitalization of C$11.24 billion, a PE ratio of 51.68, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$17.97. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last posted its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.03). The company had revenue of C$1.48 billion for the quarter, compared to the consensus estimate of C$1.51 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Insider Activity at Lundin Mining

In other news, Director Jack Oliver Lundin acquired 65,000 shares of Lundin Mining stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is owned by 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.