UBS Group Issues Pessimistic Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective decreased by analysts at UBS Group from C$17.00 to C$15.50 in a note issued to investors on Tuesday,BayStreet.CA reports. UBS Group’s price target suggests a potential upside of 22.92% from the company’s previous close.

Several other research firms also recently weighed in on LUN. Ventum Financial upped their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Raymond James reduced their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Jefferies Financial Group lowered their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday. Finally, Royal Bank of Canada dropped their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of “Moderate Buy” and a consensus target price of C$17.38.

Lundin Mining Trading Up 0.2 %

Lundin Mining stock opened at C$12.61 on Tuesday. The firm has a 50-day moving average price of C$13.29 and a two-hundred day moving average price of C$13.71. Lundin Mining has a 52-week low of C$9.85 and a 52-week high of C$17.97. The firm has a market capitalization of C$9.80 billion, a price-to-earnings ratio of 45.04, a PEG ratio of -0.26 and a beta of 1.66. 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 issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates 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.