Lundin Mining (LUN) Set to Announce Quarterly Earnings on Wednesday

Lundin Mining (TSE:LUN) is set to announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.29 per share for the quarter.

Lundin Mining Trading Up 1.0 %

LUN opened at C$13.68 on Monday. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. The stock has a market capitalization of C$10.63 billion, a price-to-earnings ratio of 48.86, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The business has a fifty day moving average price of C$13.63 and a 200 day moving average price of C$14.56.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LUN shares. Haywood Securities raised 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. Ventum Financial boosted their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Canaccord Genuity Group lowered their price objective on Lundin Mining from C$17.50 to C$16.50 in a research report on Monday, July 22nd. Finally, Eight Capital upped their price objective on Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$17.98.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is owned by company 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.