Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have earned an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$17.42.

A number of equities analysts have weighed in on LUN shares. Bank of America upped their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. CIBC upped their price objective 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. Royal Bank of Canada upped their price objective on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Lundin Mining from C$18.80 to C$18.20 in a research report on Thursday. Finally, Canaccord Genuity Group reduced their price objective on shares of Lundin Mining from C$17.50 to C$16.50 in a research report on Monday, July 22nd.

Lundin Mining Stock Performance

LUN opened at C$13.09 on Monday. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90. The firm has a fifty day moving average price of C$15.04 and a 200 day moving average price of C$13.97. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$17.97. The stock has a market cap of C$10.16 billion, a P/E ratio of 68.89, a P/E/G ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last posted its earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The firm had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion. Equities research analysts anticipate that Lundin Mining will post 0.7934045 earnings per share for the current year.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction dated 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 Lundin Mining stock in a transaction dated 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 Lundin Mining stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. 15.70% of the stock is 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.