Lundin Mining Co. (TSE:LUN)‘s stock had its “outperform” rating reiterated by equities researchers at CIBC in a research report issued on Friday. They presently have a C$12.00 price objective on the mining company’s stock. CIBC’s price target points to a potential upside of 38.89% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. TD Securities upped their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the company a “buy” rating in a research report on Thursday, May 18th. Royal Bank Of Canada upped their price objective on Lundin Mining from C$8.00 to C$9.00 in a research report on Friday, May 19th. Berenberg Bank upped their price objective on Lundin Mining from C$8.00 to C$9.00 and gave the company a “buy” rating in a research report on Friday, May 19th. BMO Capital Markets assumed coverage on Lundin Mining in a research report on Friday, June 2nd. They issued an “outperform” rating and a C$10.50 price objective on the stock. Finally, National Bank Financial lowered their price objective on Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating on the stock in a research report on Monday, July 24th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Lundin Mining currently has an average rating of “Buy” and a consensus target price of C$9.34.

Shares of Lundin Mining (LUN) traded down 1.14% during mid-day trading on Friday, hitting $8.64. The stock had a trading volume of 1,751,208 shares. The stock’s 50-day moving average price is $9.13 and its 200-day moving average price is $7.91. Lundin Mining has a 52-week low of $4.92 and a 52-week high of $9.90. The firm has a market cap of $6.28 billion and a PE ratio of 19.95.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, July 26th. The mining company reported C$0.09 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The firm had revenue of C$611.61 million for the quarter. On average, analysts anticipate that Lundin Mining will post $0.36 earnings per share for the current fiscal year.

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Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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