Brokerages Set Lundin Mining (LUN) Target Price at $9.80

Shares of Lundin Mining (TSE:LUN) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$9.80.

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Lundin Mining from C$7.70 to C$7.90 in a research note on Tuesday, May 15th. Scotiabank restated an “outperform” rating and issued a C$9.50 price target on shares of Lundin Mining in a research note on Thursday, April 26th. Berenberg Bank upped their price target on shares of Lundin Mining from C$9.25 to C$9.35 in a research note on Thursday, April 26th. Finally, National Bank Financial upped their price target on shares of Lundin Mining from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Friday, February 16th.

Lundin Mining opened at C$8.10 on Thursday, Marketbeat reports. Lundin Mining has a 52 week low of C$6.62 and a 52 week high of C$10.22.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, April 25th. The mining company reported C$0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.12 by C$0.02. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%. The business had revenue of C$594.75 million for the quarter, compared to the consensus estimate of C$618.75 million.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Friday, June 1st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.12 annualized dividend and a yield of 1.48%.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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