Lundin Mining Co. (LUN) Receives Outperform Rating from CIBC
CIBC restated their outperform rating on shares of Lundin Mining Co. (TSE:LUN) in a research report sent to investors on Friday. CIBC currently has a C$12.00 target price on the mining company’s stock.
Several other research analysts have also recently issued reports on LUN. TD Securities upped their target price on shares of Lundin Mining from C$9.50 to C$10.00 and gave the company a buy rating in a report on Thursday, May 18th. Royal Bank Of Canada upped their target price on shares of Lundin Mining from C$8.00 to C$9.00 in a report on Friday, May 19th. Berenberg Bank upped their price target on shares of Lundin Mining from C$8.00 to C$9.00 and gave the company a buy rating in a research report on Friday, May 19th. BMO Capital Markets began coverage on shares of Lundin Mining in a research report on Friday, June 2nd. They issued an outperform rating and a C$10.50 price target for the company. Finally, National Bank Financial reduced their price target on shares of Lundin Mining from C$10.50 to C$9.50 and set an outperform rating for the company in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of C$9.34.
Shares of Lundin Mining (LUN) traded down 1.14% on Friday, hitting $8.64. 1,751,208 shares of the company traded hands. The company has a market capitalization of $6.28 billion and a PE ratio of 19.95. Lundin Mining has a 12 month low of $4.97 and a 12 month high of $9.90. The stock’s 50-day moving average price is $9.14 and its 200-day moving average price is $7.91.
Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, July 26th. The mining company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.03. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. The business had revenue of C$611.61 million during the quarter. On average, equities analysts predict that Lundin Mining will post $0.36 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.39%.
About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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