Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Hold” by Brokerages

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$17.18.

Several analysts recently weighed in on the company. Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Eight Capital lowered Lundin Mining from a “buy” rating to a “neutral” rating and boosted their price objective for the company from C$13.00 to C$16.00 in a report on Monday, April 22nd. BMO Capital Markets boosted their price objective on Lundin Mining from C$16.50 to C$19.50 and gave the company an “outperform” rating in a report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, National Bankshares boosted their price objective on Lundin Mining from C$18.00 to C$19.50 and gave the company an “outperform” rating in a report on Monday, June 10th.

Insider Buying and Selling

In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction on 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 Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s 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. Also, Senior Officer Annie Laurenson sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. 15.70% of the stock is owned by corporate insiders.

Lundin Mining Stock Up 1.1 %

Shares of TSE LUN opened at C$16.04 on Thursday. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$17.97. The firm has a market cap of C$12.45 billion, a price-to-earnings ratio of 84.42, a PEG ratio of -0.26 and a beta of 1.82. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57. The stock’s 50-day simple moving average is C$15.71 and its 200-day simple moving average is C$13.56.

Lundin Mining (TSE:LUN) last announced its 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 return on equity of 3.49% and a net margin of 3.04%. The business had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, equities analysts anticipate that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.36 annualized dividend and a dividend yield of 2.24%. Lundin Mining’s dividend payout ratio is 189.47%.

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.