Lundin Mining (LUNMF) Gets a Hold from Deutsche Bank

In a report released today, Liam Fitzpatrick from Deutsche Bank maintained a Hold rating on Lundin Mining, with a price target of SEK135.00. The company’s shares closed yesterday at $15.52.

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Fitzpatrick covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Teck Resources. According to TipRanks, Fitzpatrick has an average return of 9.8% and a 58.61% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lundin Mining with a $13.96 average price target, representing a -10.05% downside. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a SEK151.00 price target.

Based on Lundin Mining’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $937.2 million and a net profit of $228.5 million. In comparison, last year the company earned a revenue of $878.3 million and had a net profit of $121.6 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.