Lundin Mining (TSE:LUN) Price Target Increased to C$20.00 by Analysts at Jefferies Financial Group

Lundin Mining (TSE:LUN) had its price objective hoisted by Jefferies Financial Group from C$18.00 to C$20.00 in a research note released on Friday morning, BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the mining company’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. BMO Capital Markets upgraded shares of Lundin Mining from a market perform rating to an outperform rating and increased their price objective for the stock from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. National Bankshares cut their price objective on shares of Lundin Mining from C$13.00 to C$12.50 and set an outperform rating on the stock in a research note on Monday, January 15th. Raymond James increased their price objective on shares of Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. Finally, Morgan Stanley increased their price objective on shares of Lundin Mining from C$12.60 to C$16.40 and gave the stock an overweight rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of C$13.60.

Lundin Mining Trading Down 1.3 %

TSE LUN opened at C$15.41 on Friday. The company has a fifty day simple moving average of C$12.63 and a two-hundred day simple moving average of C$10.82. The stock has a market cap of C$11.95 billion, a P/E ratio of 36.69, a P/E/G ratio of -0.26 and a beta of 1.85. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last released its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The business had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, analysts forecast that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.34%. Lundin Mining’s dividend payout ratio (DPR) is 85.71%.

Insider Activity

In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 15.70% of the company’s stock.

About Lundin Mining

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.