Lundin Mining (TSE:LUN) had its price target upped by Royal Bank of Canada from C$8.00 to C$9.00 in a research report report published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock.

A number of other brokerages have also weighed in on LUN. National Bank Financial boosted their price target on Lundin Mining from C$9.00 to C$9.25 and gave the stock an outperform rating in a research note on Monday, February 25th. Raymond James dropped their price target on Lundin Mining from C$8.50 to C$8.00 in a research note on Friday, January 18th. Morgan Stanley dropped their price target on Lundin Mining from C$8.70 to C$8.60 and set a buy rating on the stock in a research note on Tuesday, March 26th. Goldman Sachs Group restated a neutral rating on shares of Lundin Mining in a research note on Tuesday, February 19th. Finally, Beacon Securities restated a buy rating on shares of Lundin Mining in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of C$9.22.

LUN opened at C$7.70 on Tuesday. Lundin Mining has a 1 year low of C$4.70 and a 1 year high of C$8.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.42 and a current ratio of 2.92. The stock has a market capitalization of $5.67 billion and a price-to-earnings ratio of 28.73.

Lundin Mining (TSE:LUN) last posted its earnings results on Thursday, February 14th. The mining company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$538.89 million during the quarter, compared to analysts’ expectations of C$555.90 million. Sell-side analysts predict that Lundin Mining will post 0.520694264573504 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.03 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.56%. Lundin Mining’s payout ratio is 34.40%.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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