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Lundin Mining (LUNMF) Gets a Buy from Canaccord Genuity

Tipranks - Tipranks - Thu Feb 19, 6:12AM CST

Canaccord Genuity analyst maintained a Buy rating on Lundin Mining yesterday and set a price target of C$37.00.

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In addition to Canaccord Genuity, Lundin Mining also received a Buy from Jefferies’s Chris LaFemina in a report issued on February 16. However, on the same day, National Bank downgraded Lundin Mining (Other OTC: LUNMF) to a Hold.

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Based on Lundin Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$951.27 million and a net profit of C$160.87 million. In comparison, last year the company earned a revenue of C$1.07 billion and had a net profit of C$101.16 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUNMF in relation to earlier this year.

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