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

Lundin Mining (TSE:LUN) had its price objective cut by research analysts at UBS Group from C$17.00 to C$15.50 in a report issued on Tuesday,BayStreet.CA reports. UBS Group’s price objective would suggest a potential upside of 22.34% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reduced their price objective on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group decreased their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday. Ventum Financial lifted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Finally, Raymond James lowered their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Six investment 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 price target of C$17.38.

Lundin Mining Stock Down 1.3 %

Shares of Lundin Mining stock traded down C$0.17 during trading hours on Tuesday, hitting C$12.67. The company had a trading volume of 1,080,320 shares, compared to its average volume of 1,703,430. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a twelve month low of C$9.85 and a twelve month high of C$17.97. The company has a market cap of C$9.84 billion, a P/E ratio of 45.25, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company’s 50-day moving average is C$13.33 and its two-hundred day moving average is C$13.73.

Lundin Mining (TSE:LUN) last released its earnings results 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.

About Lundin Mining

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.