Lundin Mining (TSE:LUN) Price Target Raised to C$16.40

Lundin Mining (TSE:LUN) had its price target upped by Morgan Stanley from C$16.30 to C$16.40 in a research note published on Tuesday, BayStreet.CA reports.

LUN has been the topic of several other reports. Raymond James boosted their price objective on Lundin Mining from C$11.50 to C$13.00 and gave the stock a market perform rating in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a buy rating to a hold rating in a report on Tuesday, April 9th. CIBC increased their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a neutral rating in a research note on Wednesday, April 17th. Jefferies Financial Group raised their target price on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus set a C$14.50 price target on shares of Lundin Mining and gave the stock a buy rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$14.93.

Lundin Mining Trading Up 4.0 %

Shares of LUN stock opened at C$16.23 on Tuesday. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. The business has a 50-day moving average of C$13.45 and a 200 day moving average of C$11.19. The stock has a market capitalization 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.

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 analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The company had revenue of C$1.44 billion for the quarter, compared to the consensus estimate of C$1.39 billion. As a group, sell-side analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Announces Dividend

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

Insider Activity

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the 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. 15.70% of the stock is currently 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.