Lundin Mining (TSE:LUN) PT Raised to C$18.80 at JPMorgan Chase & Co.

Lundin Mining (TSE:LUN) had its price target raised by JPMorgan Chase & Co. from C$15.70 to C$18.80 in a research note published on Wednesday morning, BayStreet.CA reports.

LUN has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a buy rating to a hold rating in a report on Tuesday, April 9th. Royal Bank of Canada lifted their price target on Lundin Mining from C$13.00 to C$17.00 and gave the company a sector perform rating in a report on Friday, May 3rd. Haywood Securities cut Lundin Mining from a strong-buy rating to a hold rating in a report on Friday, May 17th. Ventum Financial lifted their price objective on Lundin Mining from C$19.00 to C$20.00 in a research report on Tuesday, May 28th. Finally, Morgan Stanley lifted their price objective on Lundin Mining from C$20.00 to C$20.70 in a research report on Friday, June 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Lundin Mining currently has an average rating of Hold and an average price target of C$16.80.

Lundin Mining Stock Up 0.4 %

Shares of TSE LUN opened at C$15.96 on Wednesday. The stock has a market cap of C$12.38 billion, a PE ratio of 84.00, a PEG ratio of -0.26 and a beta of 1.82. The business has a fifty day moving average of C$15.71 and a two-hundred day moving average of C$13.44. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. 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 (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of C$1.27 billion. As a group, equities research analysts expect that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, May 31st. Lundin Mining’s dividend payout ratio (DPR) is presently 189.47%.

Insider Activity

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of the business’s 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. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s 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. 15.70% of the stock is currently owned by company insiders.

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.