Raymond James Cuts Lundin Mining (TSE:LUN) Price Target to C$15.00

Lundin Mining (TSE:LUN) had its target price lowered by investment analysts at Raymond James from C$16.00 to C$15.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 12.87% from the stock’s current price.

A number of other equities research analysts also recently issued reports on LUN. Royal Bank of Canada reduced their price target on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. UBS Group raised their target price on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday. Finally, Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their price target for the stock from C$18.00 to C$16.00 in a report on Monday, August 19th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and an average target price of C$17.72.

Lundin Mining Stock Performance

Shares of LUN traded down C$0.49 during midday trading on Tuesday, reaching C$13.29. 1,291,585 shares of the stock were exchanged, compared to its average volume of 2,339,987. The stock’s 50 day simple moving average is C$14.05 and its 200 day simple moving average is C$14.20. The company has a market cap of C$10.32 billion, a P/E ratio of 47.54, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$9.67 and a twelve month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates 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.