Lundin Mining Co. (TSE:LUN – Get Free Report)’s stock price was up 5.1% on Wednesday . The stock traded as high as C$16.02 and last traded at C$16.00. Approximately 436,885 shares were traded during trading, a decline of 81% from the average daily volume of 2,264,157 shares. The stock had previously closed at C$15.23.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Raymond James lifted their price objective on Lundin Mining from C$9.50 to C$11.50 in a report on Wednesday, March 20th. UBS Group lifted their price objective on Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Morgan Stanley lifted their price objective on Lundin Mining from C$12.60 to C$16.40 and gave the stock an “overweight” rating in a report on Thursday, March 28th. CIBC reduced their target price on Lundin Mining from C$13.00 to C$12.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Finally, Pi Financial reaffirmed a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$13.60.
Read Our Latest Analysis on LUN
Lundin Mining Trading Up 4.1 %
Lundin Mining (TSE:LUN – Get Free Report) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, equities research analysts expect that Lundin Mining Co. will post 0.8396226 EPS for the current year.
Lundin Mining Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. Lundin Mining’s payout ratio is 85.71%.
Insiders Place Their Bets
In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. Insiders own 15.70% of the company’s stock.
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, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.
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