Lundin Mining (LUNMF): New Buy Recommendation for This Basic Materials Giant
Desjardins analyst Bryce Adams maintained a Buy rating on Lundin Mining today and set a price target of C$35.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Adams covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Hudbay Minerals, and Ero Copper. According to TipRanks, Adams has an average return of 29.7% and a 71.10% success rate on recommended stocks.
In addition to Desjardins, Lundin Mining also received a Buy from Scotiabank’s Orest Wowkodaw in a report issued today. However, on the same day, Raymond James maintained a Hold rating on Lundin Mining (Other OTC: LUNMF).
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.
Read More on LUNMF:
Disclaimer & DisclosureReport an Issue
- Lundin Mining price target raised to C$35 from C$31 at Scotiabank
- Lundin Mining Hits 2025 Production Targets and Lifts Copper Outlook Through 2028
- Lundin Mining price target raised to C$30 from C$20 at Raymond James
- Lundin Mining Finalizes Eagle Mine Sale, Refocuses as Pure-Play Copper Producer
- Lundin Mining price target raised to SEK 200 from SEK 171 at JPMorgan
