Lundin Mining (TSE:LUN) Price Target Lowered to C$15.00 at Raymond James

Lundin Mining (TSE:LUN) had its price objective dropped by Raymond James from C$16.00 to C$15.00 in a research note issued on Tuesday,BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 15.30% from the stock’s previous close. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.07 EPS, Q3 2025 earnings at $0.09 EPS and Q4 2025 earnings at $0.09 EPS.

A number of other analysts have also issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Ventum Financial increased their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and decreased their target price for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from C$18.00 to C$16.00 in a research note on Monday, August 19th. Finally, UBS Group lifted their price objective on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.72.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$13.01 on Tuesday. The company’s fifty day moving average is C$14.00 and its two-hundred day moving average is C$14.13. The company has a market cap of C$10.11 billion, a P/E ratio of 46.46, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12-month low of C$9.67 and a 12-month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

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.