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Lundin Mining Co. (TSE:LUN – Get Rating) has earned a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$13.58.
Several analysts have weighed in on LUN shares. Credit Suisse Group boosted their target price on shares of Lundin Mining to C$14.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Stifel Nicolaus upgraded shares of Lundin Mining to a “buy” rating and set a C$14.00 price target for the company in a research report on Friday, April 29th. Haywood Securities upped their price target on shares of Lundin Mining from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Tuesday, February 22nd. CIBC upped their price target on shares of Lundin Mining from C$11.00 to C$13.00 and gave the stock a “neutral” rating in a research report on Friday, February 18th. Finally, CSFB upped their price target on shares of Lundin Mining from C$13.00 to C$14.00 in a research report on Thursday, April 21st.
In other Lundin Mining news, Senior Officer Jinhee Magie sold 30,000 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of C$11.66, for a total transaction of C$349,671.00. Following the completion of the sale, the insider now directly owns 271,263 shares of the company’s stock, valued at C$3,161,760.15. Also, Senior Officer Annie Laurenson acquired 10,000 shares of Lundin Mining stock in a transaction on Thursday, April 28th. The shares were purchased at an average cost of C$5.50 per share, with a total value of C$55,000.00. Following the completion of the purchase, the insider now directly owns 43,333 shares of the company’s stock, valued at approximately C$238,331.50.
LUN stock opened at C$10.65 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.94 and a quick ratio of 1.60. Lundin Mining has a 1-year low of C$8.56 and a 1-year high of C$14.00. The firm has a fifty day moving average price of C$12.08 and a two-hundred day moving average price of C$11.30. The firm has a market cap of C$8.30 billion and a price-to-earnings ratio of 7.72.
Lundin Mining (TSE:LUN – Get Rating) last released its earnings results on Thursday, February 17th. The mining company reported C$0.48 earnings per share for the quarter, beating the consensus estimate of C$0.41 by C$0.07. The business had revenue of C$1.28 billion for the quarter. As a group, analysts expect that Lundin Mining will post 11.6800009 EPS for the current fiscal year.
Lundin Mining Company Profile (Get Rating)
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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