Lundin Mining (TSE:LUN) Given New C$15.50 Price Target at UBS Group

Lundin Mining (TSE:LUN) had its target price cut by analysts at UBS Group from C$17.00 to C$15.50 in a report issued on Tuesday,BayStreet.CA reports. UBS Group’s target price suggests a potential upside of 22.92% from the stock’s previous close.

LUN has been the subject of a number of other research reports. Jefferies Financial Group decreased their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday. Raymond James reduced their price objective on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Royal Bank of Canada dropped their target price 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. Finally, Ventum Financial raised their price target on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Lundin Mining has a consensus rating of “Moderate Buy” and a consensus price target of C$17.38.

Lundin Mining Stock Up 0.2 %

TSE:LUN opened at C$12.61 on Tuesday. Lundin Mining has a 1-year low of C$9.85 and a 1-year high of C$17.97. The firm has a market capitalization of C$9.80 billion, a price-to-earnings ratio of 45.04, a PEG ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The business’s fifty day moving average price is C$13.29 and its 200 day moving average price is C$13.71.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

About Lundin Mining

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.