Lundin Mining (TSE:LUN – Free Report) had its price target trimmed by Scotiabank from C$18.50 to C$18.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.
Several other research firms have also issued reports on LUN. JPMorgan Chase & Co. reduced their price target on Lundin Mining from C$18.80 to C$18.20 in a research report on Thursday. Raymond James lifted their target price on shares of Lundin Mining from C$15.00 to C$18.00 in a research note on Thursday, May 23rd. UBS Group increased their price target on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Eight Capital boosted their price objective on shares of Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Finally, Ventum Financial increased their target price on shares of Lundin Mining from C$19.00 to C$20.00 in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of Hold and an average price target of C$17.42.
Check Out Our Latest Report on LUN
Lundin Mining Price Performance
Lundin Mining (TSE:LUN – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.03). Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. The business had revenue of C$1.48 billion during the quarter, compared to the consensus estimate of C$1.51 billion. Equities analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.
Insider Transactions at Lundin Mining
In other news, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. Insiders own 15.70% of the company’s stock.
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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