BMO Capital Markets Boosts Lundin Mining (TSE:LUN) Price Target to C$14.50


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Lundin Mining (TSE:LUN) had its price target hoisted by stock analysts at BMO Capital Markets from C$13.50 to C$14.50 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective points to a potential downside of 1.69% from the company’s current price.

LUN has been the subject of several other research reports. Royal Bank of Canada lifted their target price on shares of Lundin Mining from C$11.00 to C$13.00 in a research note on Tuesday, January 12th. Eight Capital lifted their target price on shares of Lundin Mining to C$14.50 and gave the stock a “buy” rating in a research note on Friday, January 22nd. Raymond James reiterated a “market perform” rating and issued a C$12.00 target price on shares of Lundin Mining in a research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lundin Mining from C$14.50 to C$15.60 in a research note on Monday. Finally, TD Securities boosted their price objective on shares of Lundin Mining from C$12.00 to C$13.50 and gave the company a “hold” rating in a research note on Monday. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$13.67.

Shares of LUN traded down C$0.26 during trading hours on Tuesday, hitting C$14.75. The company’s stock had a trading volume of 817,805 shares, compared to its average volume of 2,113,026. The company has a market cap of C$10.86 billion and a price-to-earnings ratio of 63.96. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.43 and a quick ratio of 0.90. The business has a 50 day simple moving average of C$12.34 and a two-hundred day simple moving average of C$9.62. Lundin Mining has a 52-week low of C$4.08 and a 52-week high of C$15.42.

In other Lundin Mining news, Senior Officer Mikael Schauman acquired 132,000 shares of the stock in a transaction dated Thursday, December 17th. The stock was purchased at an average cost of C$4.32 per share, for a total transaction of C$570,240.00. Following the acquisition, the insider now owns 214,000 shares in the company, valued at approximately C$924,480. Also, Senior Officer Stephen Trelawney Gatley acquired 33,330 shares of the stock in a transaction dated Friday, December 4th. The stock was acquired at an average price of C$8.17 per share, with a total value of C$272,306.10. Following the completion of the acquisition, the insider now owns 175,330 shares in the company, valued at approximately C$1,432,446.10. Over the last quarter, insiders have acquired 294,990 shares of company stock valued at $1,659,318.

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, and Sweden. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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