Lundin Mining (TSE:LUN) Price Target Cut to C$8.25

Lundin Mining (TSE:LUNGet Rating) had its price target lowered by research analysts at CSFB from C$8.50 to C$8.25 in a report issued on Thursday, BayStreet.CA reports. CSFB’s target price indicates a potential downside of 12.97% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lundin Mining from C$8.50 to C$8.00 in a research note on Tuesday. BMO Capital Markets decreased their price target on Lundin Mining from C$9.00 to C$8.00 in a report on Friday, January 13th. National Bankshares cut Lundin Mining from a “sector perform” rating to a “sell” rating and cut their target price for the stock from C$9.25 to C$8.75 in a research report on Friday, January 13th. CIBC dropped their price target on Lundin Mining from C$9.50 to C$8.50 in a research note on Thursday, October 13th. Finally, Eight Capital dropped their target price on shares of Lundin Mining from C$13.00 to C$11.00 in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$12.54.

Lundin Mining Stock Performance

LUN stock opened at C$9.48 on Thursday. The company has a market cap of C$7.31 billion and a P/E ratio of 10.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.35 and a quick ratio of 0.90. Lundin Mining has a 1 year low of C$6.24 and a 1 year high of C$14.00. The stock’s fifty day moving average price is C$8.56 and its 200-day moving average price is C$7.63.

Lundin Mining (TSE:LUNGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The mining company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The business had revenue of C$846.18 million for the quarter, compared to analysts’ expectations of C$924.47 million. On average, equities analysts forecast that Lundin Mining will post 0.74 earnings per share for the current year.

About Lundin Mining

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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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