Metals & Mining News

Morgan Stanley Raises Lundin Mining (OTCMKTS:LUNMF) Price Target to SEK 74


Lundin Mining (OTCMKTS:LUNMF – Get Rating) had its price target boosted by stock analysts at Morgan Stanley from SEK 70 to SEK 74 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock.

Several other brokerages also recently weighed in on LUNMF. Scotiabank dropped their target price on Lundin Mining from C$8.50 to C$8.00 in a research note on Thursday, October 27th. JPMorgan Chase & Co. downgraded Lundin Mining from an “overweight” rating to a “neutral” rating in a research note on Friday, November 11th. Raymond James dropped their target price on Lundin Mining from C$12.00 to C$11.00 in a research note on Wednesday, August 24th. Credit Suisse Group dropped their target price on Lundin Mining from C$8.50 to C$7.75 in a research note on Thursday, September 8th. Finally, National Bank Financial dropped their target price on Lundin Mining from C$8.50 to C$8.25 in a research note on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Lundin Mining currently has an average rating of “Hold” and an average target price of $29.31.

Lundin Mining Trading Up 0.7 %

Shares of LUNMF traded up $0.04 during trading hours on Thursday, hitting $6.17. The company had a trading volume of 32,292 shares, compared to its average volume of 54,626. The company has a market capitalization of $4.75 billion, a PE ratio of 8.81 and a beta of 1.53. Lundin Mining has a one year low of $4.54 and a one year high of $11.25. The company’s fifty day moving average price is $5.55 and its two-hundred day moving average price is $6.00.

Lundin Mining (OTCMKTS:LUNMF – Get Rating) last released its quarterly earnings results on Tuesday, October 25th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09). The company had revenue of $648.50 million during the quarter. Lundin Mining had a return on equity of 10.98% and a net margin of 15.70%. Analysts forecast that Lundin Mining will post 0.51 earnings per share for the current 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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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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