Raymond James Issues Pessimistic Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price target decreased by equities researchers at Raymond James from C$15.00 to C$14.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “market perform” rating on the mining company’s stock. Raymond James’ price target would suggest a potential upside of 14.19% from the stock’s current price. Raymond James also issued estimates for Lundin Mining’s Q4 2024 earnings at $0.20 EPS.

A number of other equities research analysts have also issued reports on the stock. UBS Group cut their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Finally, Ventum Financial lifted their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$17.31.

Lundin Mining Stock Down 1.4 %

LUN opened at C$12.26 on Thursday. 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 debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a market cap of C$9.52 billion, a price-to-earnings ratio of 43.79, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm’s fifty day moving average is C$13.05 and its 200 day moving average is C$13.58.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data 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). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations 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.