UBS Group Lowers Lundin Mining (TSE:LUN) Price Target to C$15.50

Lundin Mining (TSE:LUN) had its price objective lowered by stock analysts at UBS Group from C$17.00 to C$15.50 in a note issued to investors on Tuesday,BayStreet.CA reports. UBS Group’s price objective would indicate a potential upside of 22.34% from the stock’s current price.

LUN has been the subject of several other research reports. Ventum Financial boosted their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Raymond James cut their price objective on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday. Finally, Royal Bank of Canada decreased their price objective on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.38.

Lundin Mining Trading Down 1.3 %

Shares of TSE:LUN traded down C$0.17 during midday trading on Tuesday, hitting C$12.67. 1,080,320 shares of the stock traded hands, compared to its average volume of 1,703,430. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The stock has a market capitalization of C$9.84 billion, a PE ratio of 45.25, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$9.85 and a one year high of C$17.97. The business’s 50 day moving average is C$13.33 and its two-hundred day moving average is C$13.73.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The business had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion.

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.