Lundin Mining (LUNMF) Gets a Hold from RBC Capital
RBC Capital analyst Sam Crittenden maintained a Hold rating on Lundin Mining on February 25 and set a price target of C$29.00. The company’s shares closed yesterday at C$42.92.
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According to TipRanks, Crittenden is a top 100 analyst with an average return of 30.8% and a 67.09% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Capstone Copper, Hudbay Minerals, and First Quantum Minerals.
Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$35.46, implying a -17.37% downside from current levels. In a report released on February 24, Deutsche Bank also maintained a Hold rating on the stock with a C$28.00 price target.
Based on Lundin Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$989.48 million and a net profit of C$779.09 million. In comparison, last year the company earned a revenue of C$659.01 million and had a GAAP net loss of C$440.19 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:
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