Canaccord Genuity analyst Dalton Baretto maintained a Buy rating on Lundin Mining (OTC:LUNMF) on Thursday, setting a price target of C$11, which is approximately 40.64% above the present share price of $5.88.
Baretto expects Lundin Mining to post earnings per share (EPS) of $0.05 for the fourth quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Strong Buy rating of shares in Lundin Mining, with an average price target of $7.38.
The analysts price targets range from a high of $8.65 to a low of $5.64.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $533.32 million and a net profit of $122.08 million. The company's market cap is $4.62 billion.
According to TipRanks.com, Canaccord Genuity analyst Dalton Baretto is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.7% and a 57.24% success rate.
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.