Lundin Mining (OTCMKTS:LUNMF) PT Lowered to SEK 110

Lundin Mining (OTCMKTS:LUNMFGet Rating) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from SEK 112 to SEK 110 in a research note issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the basic materials company’s stock.

A number of other research analysts also recently weighed in on the company. National Bank Financial raised their price objective on Lundin Mining from C$12.25 to C$14.00 in a research note on Friday, April 8th. Raymond James raised their price objective on Lundin Mining from C$15.00 to C$16.00 in a research note on Wednesday. Barclays raised their price objective on Lundin Mining from C$10.00 to C$12.00 in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on Lundin Mining from SEK 80 to SEK 90 and gave the company a “hold” rating in a research note on Thursday, March 10th. Finally, Scotiabank raised their price objective on Lundin Mining from C$12.00 to C$13.50 in a research note on Wednesday, April 13th. Fifteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.37.

LUNMF opened at $9.63 on Thursday. Lundin Mining has a fifty-two week low of $6.66 and a fifty-two week high of $13.00. The business has a 50-day moving average of $9.94 and a 200-day moving average of $8.87. The company has a market capitalization of $7.11 billion, a PE ratio of 9.08 and a beta of 1.68.

Lundin Mining (OTCMKTS:LUNMFGet Rating) last posted its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.38 earnings per share for the quarter. Lundin Mining had a return on equity of 17.12% and a net margin of 23.95%. The company had revenue of $1.02 billion during the quarter.

About Lundin Mining (Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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