Scotiabank Raises Lundin Mining (OTCMKTS:LUNMF) Price Target to $14.00

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Lundin Mining (OTCMKTS:LUNMF) had its price target upped by Scotiabank from $9.50 to $14.00 in a research note published on Monday, The Fly reports. They currently have an outperform rating on the basic materials company’s stock.

Several other equities research analysts also recently issued reports on the stock. National Bank Financial downgraded shares of Lundin Mining from an outperform rating to a sector perform rating in a research note on Tuesday, December 1st. Morgan Stanley reiterated an overweight rating on shares of Lundin Mining in a research note on Thursday, December 10th. BMO Capital Markets lowered their price target on shares of Lundin Mining from $12.50 to $11.50 and set an outperform rating on the stock in a report on Tuesday, December 1st. The Goldman Sachs Group started coverage on shares of Lundin Mining in a report on Thursday, October 15th. They issued a buy rating on the stock. Finally, Barclays cut shares of Lundin Mining from an equal weight rating to an underweight rating in a report on Wednesday, January 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Lundin Mining presently has a consensus rating of Hold and an average price target of $9.59.

Shares of OTCMKTS:LUNMF opened at $8.97 on Monday. Lundin Mining has a 52-week low of $2.82 and a 52-week high of $10.04. The company has a market capitalization of $6.59 billion, a P/E ratio of 44.85 and a beta of 1.84. The company has a 50-day simple moving average of $8.33 and a 200 day simple moving average of $6.63. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.18 and a current ratio of 1.57.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, October 28th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Lundin Mining had a net margin of 7.59% and a return on equity of 5.00%. The business had revenue of $600.70 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 16th. Stockholders of record on Friday, December 4th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, December 3rd. This represents a $0.12 annualized dividend and a dividend yield of 1.34%.

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, Brazil, the United States, Portugal, and Sweden. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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