Lundin Mining (TSE:LUN) Given New C$19.50 Price Target at BMO Capital Markets

Lundin Mining (TSE:LUN) had its price objective lifted by BMO Capital Markets from C$16.50 to C$19.50 in a report released on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

A number of other research firms also recently commented on LUN. UBS Group boosted their target price on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Raymond James boosted their target price on Lundin Mining from C$13.00 to C$15.00 in a research report on Wednesday, April 24th. Morgan Stanley boosted their target price on Lundin Mining from C$16.40 to C$20.00 in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Finally, Bank of America boosted their target price on Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Lundin Mining has a consensus rating of Hold and a consensus price target of C$15.82.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at C$16.54 on Tuesday. The stock’s 50-day simple moving average is C$15.35 and its 200-day simple moving average is C$12.15. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. The company has a market capitalization of C$12.84 billion, a price-to-earnings ratio of 87.11, a PEG ratio of -0.26 and a beta of 1.82. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, analysts expect that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.18%. Lundin Mining’s dividend payout ratio is 189.47%.

Insider Activity

In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total value of C$215,000.00. Over the last 90 days, insiders have sold 26,534 shares of company stock valued at $439,992. 15.70% of the stock is currently owned by insiders.

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.