Lundin Mining (TSE:LUN) Price Target Lowered to C$16.00 at Jefferies Financial Group

Lundin Mining (TSE:LUN) had its price target reduced by Jefferies Financial Group from C$20.00 to C$16.00 in a note issued to investors on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 27.19% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reduced their target price 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 lifted their price target on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. UBS Group boosted their target price on Lundin Mining from C$16.00 to C$17.00 in a research note on Monday, December 9th. Finally, Raymond James cut their price objective on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$17.38.

Lundin Mining Stock Down 2.0 %

Shares of LUN opened at C$12.58 on Monday. The firm’s 50-day simple moving average is C$13.33 and its 200 day simple moving average is C$13.73. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The firm has a market cap of C$9.77 billion, a P/E ratio of 44.93, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$9.85 and a 52 week high of C$17.97.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The firm had revenue of C$1.46 billion during 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.