Jefferies analyst Chris LaFemina maintained a Buy rating on Lundin Mining (LUNMF – Research Report) on April 12 and set a price target of C$20.00. The company’s shares closed last Friday at $11.34.
LaFemina covers the Basic Materials sector, focusing on stocks such as Teck Resources, Anglo American, and Lundin Mining. According to TipRanks, LaFemina has an average return of 5.1% and a 52.64% success rate on recommended stocks.
In addition to Jefferies, Lundin Mining also received a Buy from National Bank’s Shane Nagle in a report issued on April 5. However, on April 9, Scotiabank maintained a Hold rating on Lundin Mining (Other OTC: LUNMF).
Based on Lundin Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.04 billion and a net profit of $38.8 million. In comparison, last year the company earned a revenue of $747.26 million and had a GAAP net loss of $770.57 million
Based on the recent corporate insider activity of 16 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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Lundin Mining (LUNMF) Company Description:
Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal and Sweden. It holds interest in the projects: Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.