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Lundin Mining (TSE:LUN – Get Rating) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Friday, BayStreet.CA reports. They presently have a C$9.20 target price on the mining company’s stock, down from their prior target price of C$10.60. JPMorgan Chase & Co.’s price objective indicates a potential upside of 10.31% from the company’s current price.
Several other equities research analysts have also recently commented on LUN. CIBC cut their price target on shares of Lundin Mining from C$9.50 to C$8.50 in a research report on Thursday, October 13th. Eight Capital cut their price target on shares of Lundin Mining from C$13.00 to C$11.00 in a research report on Wednesday, October 26th. Raymond James cut their price target on shares of Lundin Mining from C$11.00 to C$9.50 in a research report on Friday, October 21st. Barclays cut their price target on shares of Lundin Mining from C$11.00 to C$9.00 and set a “na” rating on the stock in a research report on Tuesday, July 19th. Finally, Credit Suisse Group cut their price target on shares of Lundin Mining to C$7.75 and set a “hold” rating on the stock in a research report on Thursday, September 8th. Fourteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$12.90.
Lundin Mining Stock Up 3.2 %
LUN stock traded up C$0.26 during trading hours on Friday, reaching C$8.34. 1,535,154 shares of the stock were exchanged, compared to its average volume of 2,801,808. The firm’s 50-day moving average is C$7.05 and its 200-day moving average is C$8.27. The company has a market cap of C$6.42 billion and a price-to-earnings ratio of 9.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.98. Lundin Mining has a 12 month low of C$6.24 and a 12 month high of C$14.00.
Lundin Mining Company Profile
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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. 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 Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
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