Lundin Mining’s (LUN) “Outperform” Rating Reaffirmed at BMO Capital Markets
Lundin Mining Co. (TSE:LUN)‘s stock had its “outperform” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Monday. They presently have a C$10.50 price target on the mining company’s stock. BMO Capital Markets’ price target suggests a potential upside of 4.79% from the stock’s previous close.
A number of other research firms have also issued reports on LUN. Eight Capital restated a “buy” rating on shares of Lundin Mining in a report on Thursday, August 17th. National Bank Financial lowered shares of Lundin Mining from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$10.50 to C$11.50 in a report on Wednesday, October 18th. Berenberg Bank upped their target price on shares of Lundin Mining from C$8.65 to C$9.25 in a report on Thursday, July 27th. Scotiabank restated a “focus stock” rating and issued a C$9.25 target price on shares of Lundin Mining in a report on Thursday, July 27th. Finally, TD Securities upped their target price on shares of Lundin Mining from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Lundin Mining presently has a consensus rating of “Buy” and a consensus target price of C$9.88.
Shares of Lundin Mining (LUN) traded up 0.50% during trading on Monday, reaching $10.02. 2,340,089 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $9.17 and a 200-day moving average price of $8.16. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 23.14. Lundin Mining has a 52 week low of $5.02 and a 52 week high of $10.22.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, July 26th. The mining company reported C$0.09 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.06 by C$0.03. The firm had revenue of C$611.61 million for the quarter. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. Analysts predict that Lundin Mining will post $0.41 earnings per share for the current 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.
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