National Bankshares Cuts Lundin Mining (TSE:LUN) Price Target to C$18.50

Lundin Mining (TSE:LUN) had its price target decreased by equities researchers at National Bankshares from C$19.50 to C$18.50 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective indicates a potential upside of 17.16% from the company’s previous close.

LUN has been the topic of several other reports. BMO Capital Markets upped their target price on shares of Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Raymond James upped their target price on shares of Lundin Mining from C$15.00 to C$18.00 in a research report on Thursday, May 23rd. CIBC upped their target price on shares of Lundin Mining from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Scotiabank upped their price target on shares of Lundin Mining from C$14.50 to C$18.00 in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$17.54.

Lundin Mining Stock Down 1.7 %

Shares of Lundin Mining stock traded down C$0.27 during trading on Monday, hitting C$15.79. 548,689 shares of the stock were exchanged, compared to its average volume of 2,341,488. The stock has a market cap of C$12.25 billion, a price-to-earnings ratio of 83.42, a price-to-earnings-growth ratio of -0.26 and a beta of 1.82. The firm’s 50-day moving average price is C$15.74 and its 200 day moving average price is C$13.65. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$17.97. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, analysts forecast that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Insider Transactions at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. Company 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.