Ventum Financial Boosts Lundin Mining (TSE:LUN) Price Target to C$19.00

Lundin Mining (TSE:LUN - Get Free Report) had its price objective increased by equities researchers at Ventum Financial from C$18.50 to C$19.00 in a research report issued on Friday, BayStreet.CA reports. Ventum Financial's price objective suggests a potential upside of 31.31% from the stock's previous close.

Several other research firms have also weighed in on LUN. National Bankshares lowered their price objective on shares of Lundin Mining from C$19.50 to C$18.50 and set an "outperform" rating on the stock in a research note on Monday, July 15th. Scotiabank upgraded Lundin Mining from a "sector perform" rating to an "outperform" rating and dropped their price objective for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. JPMorgan Chase & Co. upgraded Lundin Mining from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Haywood Securities upgraded Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 price target on the stock in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada reduced their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$17.54.

Lundin Mining Stock Up 2.3 %

TSE LUN traded up C$0.32 during trading on Friday, hitting C$14.47. The stock had a trading volume of 1,011,270 shares, compared to its average volume of 2,371,487. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. 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 company's 50-day moving average price is C$13.35 and its two-hundred day moving average price is C$14.64. The company has a market capitalization of C$11.24 billion, a PE ratio of 51.18, a P/E/G ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The mining company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.03). The company had revenue of C$1.48 billion for the quarter, compared to analyst estimates of C$1.51 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Insider Buying and Selling at Lundin Mining

In related news, Director Jack Oliver Lundin bought 65,000 shares of Lundin Mining stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, with a total value of C$815,854.00. 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.