Lundin Mining (TSE:LUN) Price Target Raised to C$16.50

Lundin Mining (TSE:LUN) had its price objective lifted by Canaccord Genuity Group from C$11.00 to C$16.50 in a research report report published on Wednesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. CIBC lowered their price objective on shares of Lundin Mining from C$13.00 to C$12.00 and set a neutral rating for the company in a research report on Tuesday, January 16th. National Bankshares reduced their target price 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 raised their target price on shares of Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. JPMorgan Chase & Co. reduced their target price on shares of Lundin Mining from C$8.90 to C$8.40 in a research note on Friday, January 19th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Lundin Mining has an average rating of Hold and an average price target of C$14.56.

Lundin Mining Trading Down 1.3 %

LUN opened at C$15.84 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. The stock has a market capitalization of C$12.28 billion, a PE ratio of 37.71, a PEG ratio of -0.26 and a beta of 1.85. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51. The firm has a 50-day moving average price of C$12.91 and a two-hundred day moving average price of C$10.93.

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

Lundin Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.27%. The ex-dividend date was Thursday, March 21st. Lundin Mining’s payout ratio is 85.71%.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by insiders.

Lundin Mining Company Profile

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.