Lundin Mining (TSE:LUN) Stock Price Up 5.2%

Lundin Mining Co. (TSE:LUN)’s share price rose 5.2% during mid-day trading on Friday . The stock traded as high as C$15.73 and last traded at C$15.68. Approximately 190,249 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 2,421,802 shares. The stock had previously closed at C$14.91.

Analyst Upgrades and Downgrades

LUN has been the topic of several recent research reports. Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. Eight Capital lowered Lundin Mining from a “buy” rating to a “neutral” rating and increased their target price for the company from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Scotiabank increased their target price on Lundin Mining from C$14.50 to C$18.00 in a research note on Thursday, May 30th. Canaccord Genuity Group increased their target price on Lundin Mining from C$16.50 to C$17.50 and gave the company a “hold” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. increased their target price on Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$16.63.

Lundin Mining Stock Performance

The firm has a market capitalization of C$11.90 billion, a price-to-earnings ratio of 78.47, a PEG ratio of -0.26 and a beta of 1.82. The company has a fifty day moving average of C$15.73 and a two-hundred day moving average of C$13.22. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. As a group, equities research analysts predict that Lundin Mining Co. will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were issued a $0.09 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 2.35%. Lundin Mining’s dividend payout ratio is presently 189.47%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction 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 other news, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction 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. Insiders own 15.70% of the company’s stock.

About Lundin Mining

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.