Lundin Mining (TSE:LUN) Price Target Cut to C$14.00 by Analysts at Raymond James

Lundin Mining (TSE:LUN) had its price objective lowered by equities researchers at Raymond James from C$15.00 to C$14.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the mining company’s stock. Raymond James’ target price points to a potential upside of 12.09% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Ventum Financial increased their price target on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Finally, UBS Group decreased their price objective on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$17.31.

Lundin Mining Stock Performance

Shares of LUN stock traded up C$0.03 during trading hours on Thursday, reaching C$12.49. 747,190 shares of the company traded hands, compared to its average volume of 2,342,330. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97. The firm has a 50-day moving average price of C$13.12 and a 200 day moving average price of C$13.62. The company has a market cap of C$9.70 billion, a P/E ratio of 44.61, a P/E/G ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS 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 the consensus estimate 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.