Lundin Mining’s (LUN) Buy Rating Reiterated at Eight Capital
Lundin Mining Co. (TSE:LUN)‘s stock had its “buy” rating reaffirmed by equities researchers at Eight Capital in a note issued to investors on Thursday.
Several other brokerages have also issued reports on LUN. TD Securities increased their target price on Lundin Mining from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Monday, July 31st. Berenberg Bank increased their target price on Lundin Mining from C$8.65 to C$9.25 in a research report on Thursday, July 27th. Scotiabank reissued a “focus stock” rating and issued a C$9.25 target price on shares of Lundin Mining in a research report on Thursday, July 27th. National Bank Financial decreased their target price on Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating for the company in a research report on Monday, July 24th. Finally, Royal Bank Of Canada increased their target price on Lundin Mining from C$8.00 to C$9.00 in a research report on Friday, May 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$8.77.
Lundin Mining (LUN) traded up 0.56% during midday trading on Thursday, hitting $9.05. The stock had a trading volume of 3,735,723 shares. The stock’s 50-day moving average is $8.22 and its 200-day moving average is $7.75. The stock has a market capitalization of $6.58 billion and a PE ratio of 20.90. Lundin Mining has a 1-year low of $4.91 and a 1-year high of $9.46.
Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, July 26th. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The firm had revenue of $611.61 million during the quarter. On average, equities research analysts anticipate that Lundin Mining will post $0.35 EPS for the current fiscal year.
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, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo (DRC). It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals.
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