Lundin Mining (TSE:LUN) Receives Price Target Upgrade to C$18.00 by Raymond James
On May 24th, 2024, Lundin Mining (TSE:LUN) saw its price target increased by Raymond James from C$15.00 to C$18.00. This upgrade comes as a result of a research report published on Thursday by BayStreet.CA. Other equity analysts have also released reports on Lundin Mining, with various price targets and ratings. Canaccord Genuity Group, Bank of America, UBS Group, CIBC, and Jefferies Financial Group are among the firms that have provided insights into the stock. Lundin Mining currently has an average rating of Hold and an average price target of C$15.82 based on MarketBeat data.
Lundin Mining Stock Performance and Financials
LUN stock opened at C$16.23 on Thursday, trading down 0.8%. The company has a market capitalization of C$12.59 billion, with a debt-to-equity ratio of 25.05. Lundin Mining reported earnings per share of C$0.08 for the latest quarter, slightly below analysts’ expectations. The company also announced a quarterly dividend to be paid on June 19th.
Insider Trading Activity and Company Profile
Recent insider trading activity at Lundin Mining includes sales by Senior Officers Annie Laurenson and Teitur Nolsoe Poulsen. In the last three months, insiders have sold a total of 26,534 shares of company stock. Lundin Mining Corporation operates as a diversified base metals mining company, with operations in various countries including Chile, Brazil, and the United States. The company primarily produces copper, zinc, gold, nickel, and other metals.
In conclusion, Lundin Mining (TSE:LUN) has received a price target upgrade to C$18.00 by Raymond James, reflecting positive sentiment towards the stock. The company’s financial performance, dividend announcement, and insider trading activity provide additional insights into Lundin Mining’s current standing in the market. Investors may want to keep an eye on further developments and analyst recommendations related to Lundin Mining.