Lundin Mining (TSE:LUN) PT Raised to C$18.00 at Raymond James

Lundin Mining (TSE:LUN) had its target price boosted by investment analysts at Raymond James from C$15.00 to C$18.00 in a research note issued on Thursday, BayStreet.CA reports. Raymond James’ price objective would indicate a potential upside of 8.83% from the company’s current price. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.53 EPS.

Several other equities research analysts have also issued reports on LUN. Royal Bank of Canada raised their price target on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Canaccord Genuity Group raised their price target on shares of Lundin Mining from C$16.50 to C$17.50 and gave the stock a “hold” rating in a research note on Monday, May 13th. BMO Capital Markets raised their price target on shares of Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a research note on Tuesday. Bank of America raised their price target on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. Finally, Morgan Stanley raised their price target on shares of Lundin Mining from C$16.40 to C$20.00 in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$15.82.

Lundin Mining Price Performance

Lundin Mining stock opened at C$16.54 on Thursday. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. The company’s 50 day moving average price is C$15.35 and its two-hundred day moving average price is C$12.15. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. The stock has a market cap of C$12.84 billion, a P/E ratio of 87.11, a P/E/G ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. The firm had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. On average, equities analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current year.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. Insiders sold a total of 26,534 shares of company stock valued at $439,992 in the last three months. Company insiders own 15.70% of the company’s stock.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.