Lundin Mining (TSE:LUN – Get Free Report) had its price target hoisted by equities research analysts at Ventum Financial from C$18.50 to C$19.00 in a report issued on Friday, BayStreet.CA reports. Ventum Financial’s price objective would suggest a potential upside of 31.31% from the company’s current price.
Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their price target for the company from C$18.20 to C$17.30 in a report on Tuesday, August 20th. CIBC lifted their price target on shares of Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Haywood Securities raised shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 target price for the company in a research note on Tuesday, August 6th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. Finally, National Bankshares reduced their target price on shares of Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating for the company in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$17.54.
Read Our Latest Research Report on LUN
Lundin Mining Trading Up 2.3 %
Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.51 billion.
Insiders Place Their Bets
In related news, Director Jack Oliver Lundin purchased 65,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by insiders.
Lundin Mining Company Profile
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.
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