Lundin Mining (TSE:LUN) PT Raised to C$9.50 at TD Securities
Lundin Mining (TSE:LUN) had its price objective boosted by equities researchers at TD Securities from C$9.00 to C$9.50 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the mining company’s stock. TD Securities’ price objective would suggest a potential upside of 34.18% from the company’s previous close.
LUN has been the subject of several other research reports. Eight Capital decreased their target price on Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th. Haywood Securities increased their price objective on Lundin Mining from C$9.00 to C$10.00 and gave the stock a “buy” rating in a report on Monday, April 29th. CIBC cut their price objective on WestJet Airlines from C$22.00 to C$21.00 in a report on Tuesday, April 23rd. Raymond James set a $33.00 price objective on LKQ and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada started coverage on Robert Half International in a report on Tuesday, April 16th. They set a “sector perform” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$9.24.
Shares of Lundin Mining stock traded up C$0.07 during midday trading on Tuesday, hitting C$7.08. The company’s stock had a trading volume of 1,415,305 shares, compared to its average volume of 2,403,604. The stock has a market cap of $5.16 billion and a price-to-earnings ratio of 30.86. The company’s 50-day simple moving average is C$6.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 3.03 and a quick ratio of 2.42. Lundin Mining has a 1-year low of C$4.70 and a 1-year high of C$7.96.
In related news, Senior Officer Marie Inkster sold 134,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of C$7.35, for a total transaction of C$984,900.00. Following the completion of the sale, the insider now directly owns 244,760 shares in the company, valued at C$1,798,986.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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