RBC Capital Keeps Their Hold Rating on Lundin Mining (LUNMF)

RBC Capital analyst Sam Crittenden maintained a Hold rating on Lundin Mining on October 8. The company’s shares closed yesterday at $15.23.

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According to TipRanks, Crittenden is a 5-star analyst with an average return of 26.5% and a 65.95% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Freeport-McMoRan, and Hudbay Minerals.

In addition to RBC Capital, Lundin Mining also received a Hold from Deutsche Bank ‘s Liam Fitzpatrick in a report issued yesterday. However, on October 7, Clarksons initiated coverage with a Buy rating on Lundin Mining (Other OTC: LUNMF).

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.