Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$9.34.

Several research analysts recently weighed in on the company. CIBC reiterated an “outperform” rating and issued a C$12.00 price objective on shares of Lundin Mining in a research report on Friday, September 15th. Berenberg Bank lowered their price objective on Lundin Mining from C$10.00 to C$9.25 in a research report on Friday, September 8th. Scotiabank reiterated a “focus stock” rating and issued a C$10.50 price objective on shares of Lundin Mining in a research report on Wednesday, September 6th. Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Finally, TD Securities increased their price objective on Lundin Mining from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Monday, July 31st.

Shares of Lundin Mining (TSE:LUN) traded up 0.46% during midday trading on Friday, hitting $8.79. The company had a trading volume of 666,433 shares. The company has a 50-day moving average of $9.14 and a 200-day moving average of $7.92. The company has a market capitalization of $6.39 billion and a PE ratio of 20.30. Lundin Mining has a 12 month low of $4.97 and a 12 month high of $9.90.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, July 26th. The mining company reported C$0.09 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.03. The company had revenue of C$611.61 million during the quarter. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. Analysts predict that Lundin Mining will post $0.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, September 7th.

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Lundin Mining Company Profile

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.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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