Lundin Mining (LUN) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Lundin Mining (TSE: LUN):

• 7/22/2024 – Lundin Mining had its price target lowered by analysts at Canaccord Genuity Group Inc. from C$17.50 to C$16.50.
• 7/15/2024 – Lundin Mining had its price target raised by analysts at Scotiabank from C$18.00 to C$18.50. They now have a “sector perform” rating on the stock.
• 7/15/2024 – Lundin Mining had its price target lowered by analysts at National Bankshares, Inc. from C$19.50 to C$18.50. They now have an “outperform” rating on the stock.
• 7/11/2024 – Lundin Mining had its price target raised by analysts at Eight Capital from C$16.00 to C$17.50.
• 7/3/2024 – Lundin Mining had its price target raised by analysts at JPMorgan Chase & Co. from C$15.70 to C$18.80.
• 6/21/2024 – Lundin Mining had its price target raised by analysts at Morgan Stanley from C$20.00 to C$20.70.
• 6/20/2024 – Lundin Mining had its price target raised by analysts at CIBC from C$15.00 to C$16.00. They now have a “neutral” rating on the stock.
• 6/10/2024 – Lundin Mining had its price target raised by analysts at National Bankshares, Inc. from C$18.00 to C$19.50. They now have an “outperform” rating on the stock.
• 5/30/2024 – Lundin Mining had its price target raised by analysts at Stifel Nicolaus from C$16.50 to C$18.00. They now have a “buy” rating on the stock.
• 5/30/2024 – Lundin Mining had its price target raised by analysts at Scotiabank from C$14.50 to C$18.00.
• 5/28/2024 – Lundin Mining had its price target raised by analysts at Ventum Financial from C$19.00 to C$20.00.

Lundin Mining Price Performance

Shares of TSE:LUN traded up C$0.28 during trading on Thursday, reaching C$14.14. The stock had a trading volume of 906,441 shares, compared to its average volume of 2,293,128. Lundin Mining Co. has a 52 week low of C$8.18 and a 52 week high of C$17.97. The business’s 50-day moving average price is C$15.48 and its 200 day moving average price is C$13.84. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90. The stock has a market capitalization of C$10.97 billion, a PE ratio of 74.42, a P/E/G ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share 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 company had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.27 billion. As a group, equities analysts predict that Lundin Mining Co. will post 0.7934045 earnings per share for the current year.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Friday, May 31st. Lundin Mining’s dividend payout ratio is presently 189.47%.

Insiders Place Their Bets

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. In related news, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were 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 business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Company insiders own 15.70% of the company’s stock.

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.