Lundin Mining Co. (TSE:LUN) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, September 4th will be paid a dividend of 0.04 per share by the mining company on Wednesday, September 16th. This represents a $0.16 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 3rd.
Shares of TSE:LUN traded down C$0.33 during midday trading on Friday, hitting C$7.67. 2,873,083 shares of the stock were exchanged, compared to its average volume of 2,324,012. The company has a debt-to-equity ratio of 11.70, a quick ratio of 1.06 and a current ratio of 1.48. Lundin Mining has a 52-week low of C$4.08 and a 52-week high of C$8.59. The business’s fifty day simple moving average is C$7.47 and its two-hundred day simple moving average is C$6.76. The company has a market capitalization of $5.63 billion and a PE ratio of 1,271.67.
Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$507.44 million during the quarter. As a group, equities analysts anticipate that Lundin Mining will post 0.42 EPS for the current year.
In other news, Senior Officer Jinhee Magie sold 19,500 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of C$6.57, for a total value of C$128,115.00. Following the completion of the transaction, the insider now owns 233,000 shares of the company’s stock, valued at approximately C$1,530,810.
LUN has been the topic of several recent research reports. Royal Bank of Canada set a C$8.00 target price on Lundin Mining and gave the company an “outperform” rating in a report on Thursday. Raymond James raised their price target on Lundin Mining from C$7.00 to C$9.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Haywood Securities raised their price target on Lundin Mining from C$8.50 to C$10.00 in a research report on Tuesday, July 21st. National Bank Financial raised their price target on Lundin Mining from C$7.75 to C$8.50 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Eight Capital lifted their target price on Lundin Mining from C$10.00 to C$10.50 in a research report on Monday, July 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Lundin Mining presently has an average rating of “Buy” and a consensus target price of C$9.00.
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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