Lundin Mining (TSE:LUN) Lowered to Sell at National Bankshares

Lundin Mining (TSE:LUN – Get Rating) was downgraded by analysts at National Bankshares from a “sector perform” rating to a “sell” rating in a report issued on Friday, BayStreet.CA reports. They presently have a C$8.75 target price on the mining company’s stock, down from their previous target price of C$9.25. National Bankshares’ price objective would suggest a potential downside of 5.41% from the company’s current price.

Other research analysts also recently issued reports about the company. CSFB boosted their price objective on Lundin Mining from C$7.75 to C$8.50 in a research note on Tuesday, November 22nd. Scotiabank cut their price target on Lundin Mining from C$8.50 to C$8.00 in a report on Thursday, October 27th. Eight Capital lowered their price objective on shares of Lundin Mining from C$13.00 to C$11.00 in a research note on Wednesday, October 26th. BMO Capital Markets lowered shares of Lundin Mining from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$8.50 to C$8.00 in a research note on Friday, December 9th. Finally, Raymond James dropped their price objective on shares of Lundin Mining from C$11.00 to C$9.50 in a report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and a consensus price target of C$13.10.

Lundin Mining Trading Down 5.9 %

TSE:LUN traded down C$0.58 on Friday, reaching C$9.25. 6,013,122 shares of the stock traded hands, compared to its average volume of 2,945,957. The firm has a market capitalization of C$7.13 billion and a price-to-earnings ratio of 10.05. Lundin Mining has a 1-year low of C$6.24 and a 1-year high of C$14.00. The company has a current ratio of 1.35, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is C$8.43 and its 200-day moving average is C$7.60.

Lundin Mining (TSE:LUN – Get Rating) last posted its quarterly earnings data on Tuesday, October 25th. The mining company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The firm had revenue of C$846.18 million for the quarter, compared to analyst estimates of C$924.47 million. Equities research analysts anticipate that Lundin Mining will post 0.74 EPS for the current fiscal year.

About Lundin Mining

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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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