Lundin Mining (TSE:LUN) Price Target Raised to C$10.50 at Haywood Securities

Lundin Mining (TSE:LUN – Get Rating) had its target price lifted by equities research analysts at Haywood Securities from C$8.00 to C$10.50 in a research note issued on Thursday, BayStreet.CA reports. Haywood Securities’ price target indicates a potential upside of 10.76% from the stock’s previous close.

A number of other brokerages have also recently weighed in on LUN. Deutsche Bank Aktiengesellschaft lowered their price target on Lundin Mining from C$8.50 to C$8.00 in a research report on Tuesday. National Bankshares cut Lundin Mining from a “sector perform” rating to a “sell” rating and decreased their target price for the stock from C$9.25 to C$8.75 in a report on Friday, January 13th. JPMorgan Chase & Co. cut Lundin Mining from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from C$10.60 to C$9.20 in a report on Friday, November 11th. Eight Capital cut their price target on Lundin Mining from C$13.00 to C$11.00 in a research note on Wednesday, October 26th. Finally, Credit Suisse Group upped their price target on Lundin Mining to C$8.50 in a research note on Tuesday, November 22nd. One 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 stock. According to MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and a consensus price target of C$12.54.

Lundin Mining Stock Performance

LUN opened at C$9.48 on Thursday. The stock has a market cap of C$7.31 billion and a PE ratio of 10.30. The company has a current ratio of 1.35, a quick ratio of 0.90 and a debt-to-equity ratio of 0.94. Lundin Mining has a 1 year low of C$6.24 and a 1 year high of C$14.00. The stock’s 50 day simple moving average is C$8.56 and its 200-day simple moving average is C$7.63.

Lundin Mining (TSE:LUN – Get Rating) last released its quarterly earnings data on Tuesday, October 25th. The mining company reported C$0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.05. The firm had revenue of C$846.18 million for the quarter, compared to the consensus estimate of C$924.47 million. Sell-side analysts forecast that Lundin Mining will post 0.74 EPS for the current 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.