UBS Group Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN - Get Free Report) had its target price lowered by stock analysts at UBS Group from C$17.00 to C$15.50 in a report released on Tuesday,BayStreet.CA reports. UBS Group's price target points to a potential upside of 23.21% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada cut their price objective on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group decreased their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday. Raymond James cut their price objective on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Finally, Ventum Financial raised their price objective on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus target price of C$17.38.

Lundin Mining Stock Performance

Shares of LUN stock traded down C$0.26 on Tuesday, hitting C$12.58. The company's stock had a trading volume of 2,116,641 shares, compared to its average volume of 1,996,720. 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 stock's 50 day moving average is C$13.33 and its 200-day moving average is C$13.73. Lundin Mining has a fifty-two week low of C$9.85 and a fifty-two week high of C$17.97. The company has a market capitalization of C$9.77 billion, a PE ratio of 44.93, a PEG ratio of -0.26 and a beta of 1.66.

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

Lundin Mining Company Profile

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.