Lundin Mining Co. (TSE:LUN) Receives Consensus Rating of “Hold” from Analysts

Lundin Mining Co. (TSE:LUN) has received an average recommendation of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$14.93.

LUN has been the topic of several recent research reports. Canaccord Genuity Group lifted their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday, April 17th. Morgan Stanley lifted their target price on Lundin Mining from C$16.30 to C$16.40 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$14.50 price target on Lundin Mining and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Finally, BMO Capital Markets upgraded Lundin Mining from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from C$12.00 to C$16.00 in a research note on Wednesday, March 27th.

Insider Transactions at Lundin Mining

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

Lundin Mining Stock Up 4.0 %

Shares of Lundin Mining stock opened at C$16.23 on Friday. The firm has a market cap of C$12.58 billion, a PE ratio of 38.64, a P/E/G ratio of -0.26 and a beta of 1.85. The business’s 50 day simple moving average is C$13.45 and its 200 day simple moving average is C$11.19. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$16.51.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results 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 business had revenue of C$1.44 billion for the quarter, compared to the consensus estimate 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 predict that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 annualized dividend and a yield of 2.22%. Lundin Mining’s dividend payout ratio (DPR) is presently 85.71%.

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.