Lundin Mining (TSE:LUN) Price Target Increased to C$10.00 by Analysts at BMO Capital Markets

Lundin Mining (TSE:LUN) had its price target upped by equities research analysts at BMO Capital Markets from C$8.25 to C$10.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 43.06% from the stock’s previous close.

LUN has been the topic of a number of other reports. CSFB lowered their price target on Lundin Mining from C$8.00 to C$7.00 in a report on Wednesday, April 22nd. Morgan Stanley upped their price target on Lundin Mining from C$7.10 to C$8.30 in a report on Tuesday, June 9th. JPMorgan Chase & Co. lowered their target price on Lundin Mining from C$8.40 to C$7.50 in a report on Thursday, April 30th. Eight Capital lowered their target price on Lundin Mining from C$10.50 to C$10.00 in a report on Tuesday, April 21st. Finally, Raymond James set a C$7.00 target price on Lundin Mining and gave the company a “market perform” rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$8.45.

Shares of TSE:LUN opened at C$6.99 on Thursday. The company has a market cap of $5.11 billion and a P/E ratio of 1,165.00. The company has a debt-to-equity ratio of 11.70, a current ratio of 1.48 and a quick ratio of 1.06. Lundin Mining has a 1 year low of C$4.08 and a 1 year high of C$8.08. The stock’s fifty day moving average price is C$6.54 and its 200-day moving average price is C$6.74.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, April 29th. The mining company reported C($0.08) earnings per share (EPS) for the quarter. The firm had revenue of C$507.44 million during the quarter. On average, sell-side analysts anticipate that Lundin Mining will post 0.44 earnings per share for the current year.

In related news, Senior Officer Jinhee Magie sold 19,500 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of C$6.57, for a total transaction of C$128,115.00. Following the completion of the sale, the insider now owns 233,000 shares in the company, valued at C$1,530,810.

About Lundin Mining

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, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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