Lundin Mining (TSE:LUN) had its target price lowered by National Bank Financial from C$9.50 to C$7.50 in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the mining company’s stock.
Other equities research analysts have also issued research reports about the stock. Morgan Stanley increased their price objective on shares of Lundin Mining from C$7.70 to C$8.50 in a report on Tuesday, February 25th. Raymond James set a C$8.50 price objective on shares of Lundin Mining and gave the stock a market perform rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. decreased their price objective on shares of Lundin Mining from C$8.90 to C$8.40 in a report on Thursday, March 5th. CIBC upgraded shares of Lundin Mining from a neutral rating to an outperform rating and upped their target price for the company from C$8.00 to C$13.00 in a research report on Friday, February 14th. Finally, BMO Capital Markets upped their target price on shares of Lundin Mining from C$8.50 to C$9.00 in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of C$9.18.
Shares of TSE:LUN opened at C$5.26 on Monday. Lundin Mining has a 12 month low of C$4.08 and a 12 month high of C$8.08. The company’s 50-day moving average price is C$6.46 and its two-hundred day moving average price is C$6.98. The company has a quick ratio of 1.02, a current ratio of 1.44 and a debt-to-equity ratio of 7.18. The firm has a market cap of $3.23 billion and a P/E ratio of 23.17.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Thursday, February 20th. The mining company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.08. The company had revenue of C$750.23 million for the quarter. As a group, equities analysts predict that Lundin Mining will post 0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 20th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, March 19th. This is an increase from Lundin Mining’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 3.04%. Lundin Mining’s dividend payout ratio is presently 39.50%.
In other Lundin Mining news, Senior Officer Mikael Schauman sold 44,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of C$7.90, for a total transaction of C$347,600.00. Following the transaction, the insider now directly owns 42,000 shares in the company, valued at approximately C$331,800.
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% interests 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 the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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