Lundin Mining (OTCMKTS:LUNMF) PT Raised to SEK 65 at Deutsche Bank Aktiengesellschaft

Lundin Mining (OTCMKTS:LUNMFGet Rating) had its target price raised by analysts at Deutsche Bank Aktiengesellschaft from SEK 64 to SEK 65 in a research note issued to investors on Wednesday, The Fly reports.

LUNMF has been the topic of several other research reports. Credit Suisse Group decreased their price target on Lundin Mining from C$8.50 to C$7.75 in a research note on Thursday, September 8th. JPMorgan Chase & Co. downgraded Lundin Mining from an “overweight” rating to a “neutral” rating in a report on Friday, November 11th. TD Securities raised their price objective on Lundin Mining from C$7.50 to C$8.00 in a report on Thursday, October 27th. Raymond James cut their price objective on Lundin Mining from C$12.00 to C$11.00 in a report on Wednesday, August 24th. Finally, Scotiabank cut their price objective on Lundin Mining from C$8.50 to C$8.00 in a report on Thursday, October 27th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of “Hold” and an average price target of $30.38.

Lundin Mining Price Performance

Lundin Mining stock opened at $6.10 on Wednesday. The stock’s fifty day moving average price is $5.35 and its two-hundred day moving average price is $6.12. Lundin Mining has a one year low of $4.54 and a one year high of $11.25. The firm has a market cap of $4.71 billion, a PE ratio of 8.71 and a beta of 1.47.

Lundin Mining (OTCMKTS:LUNMFGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.09). Lundin Mining had a return on equity of 10.98% and a net margin of 15.70%. The company had revenue of $648.50 million for the quarter. Sell-side analysts expect that Lundin Mining will post 0.51 earnings per share for the current fiscal year.

Lundin Mining Company Profile

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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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