Lundin Mining (TSE:LUN) had its target price reduced by National Bank Financial from C$9.00 to C$8.50 in a report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the mining company’s stock. National Bank Financial also issued estimates for Lundin Mining’s FY2019 earnings at $0.20 EPS and FY2020 earnings at $0.48 EPS.

Other equities research analysts also recently issued research reports about the company. CIBC dropped their target price on Lundin Mining from C$9.00 to C$8.00 in a research report on Friday, September 6th. CSFB dropped their target price on Lundin Mining from C$9.00 to C$8.25 and set a neutral rating for the company in a research report on Thursday, July 25th. Raymond James restated a market perform rating and set a C$9.00 target price on shares of Lundin Mining in a research report on Friday, July 26th. Cormark boosted their target price on Lundin Mining from C$10.00 to C$10.50 in a research report on Tuesday, July 23rd. Finally, Bank of America dropped their target price on Lundin Mining from C$9.00 to C$8.25 in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Lundin Mining presently has a consensus rating of Buy and an average target price of C$8.76.

LUN traded up C$0.07 during trading on Thursday, hitting C$6.90. The company’s stock had a trading volume of 2,431,021 shares, compared to its average volume of 2,348,715. The firm’s 50 day moving average price is C$6.21 and its two-hundred day moving average price is C$6.60. The company has a quick ratio of 1.95, a current ratio of 2.49 and a debt-to-equity ratio of 1.76. Lundin Mining has a 12 month low of C$4.70 and a 12 month high of C$7.96. The stock has a market capitalization of $5.04 billion and a price-to-earnings ratio of 63.21.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, July 24th. The mining company reported C($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.07 by C($0.08). The business had revenue of C$493.94 million during the quarter. On average, sell-side analysts forecast that Lundin Mining will post 0.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 6th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.12 dividend on an annualized basis and a yield of 1.74%. Lundin Mining’s dividend payout ratio is presently 82.88%.

In related news, insider Nemesia S.a.r.l. acquired 150,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$5.94 per share, for a total transaction of C$890,790.00. Following the completion of the acquisition, the insider now owns 93,822,698 shares of the company’s stock, valued at approximately C$557,175,474.34.

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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