Lundin Mining (TSE:LUN) Price Target Raised to C$13.00

Lundin Mining (TSE:LUNFree Report) had its price objective upped by Raymond James from C$11.50 to C$13.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

A number of other research firms have also recently issued reports on LUN. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. UBS Group boosted their price objective on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Bank of America boosted their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. Finally, CIBC boosted their price target on shares of Lundin Mining from C$12.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Lundin Mining currently has an average rating of Hold and a consensus target price of C$14.56.

Check Out Our Latest Report on LUN

Lundin Mining Stock Performance

Lundin Mining stock opened at C$15.84 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The company has a market capitalization of C$12.28 billion, a PE ratio of 37.71, a P/E/G ratio of -0.26 and a beta of 1.85. The firm has a fifty day simple moving average of C$13.00 and a two-hundred day simple moving average of C$11.00. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$16.51.

Lundin Mining (TSE:LUNGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The firm had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Research analysts expect that Lundin Mining will post 0.8396226 EPS for the current year.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is 85.71%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

(Get Free Report)

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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Analyst Recommendations for Lundin Mining (TSE:LUN)

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