Insider Selling: Lundin Mining Co. (TSE:LUN) Senior Officer Sells C$155,831.76 in Stock

Lundin Mining Co. (TSE:LUN) Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76.

Lundin Mining Stock Performance

TSE LUN opened at C$16.54 on Friday. Lundin Mining Co. has a 1-year low of C$8.18 and a 1-year high of C$17.97. The company has a market capitalization of C$12.84 billion, a P/E ratio of 87.05, a PEG ratio of -0.26 and a beta of 1.82. The business has a 50 day moving average price of C$15.41 and a 200 day moving average price of C$12.20. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The company had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. Sell-side analysts expect that Lundin Mining Co. will post 0.7934045 EPS for the current fiscal year.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, May 31st. Lundin Mining’s payout ratio is 189.47%.

Wall Street Analysts Forecast Growth

LUN has been the subject of a number of research analyst reports. Canaccord Genuity Group upped their target price on Lundin Mining from C$16.50 to C$17.50 and gave the company a “hold” rating in a research report on Monday, May 13th. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research report on Friday, March 1st. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 17th. Bank of America increased their price objective on Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. Finally, Raymond James increased their price objective on Lundin Mining from C$15.00 to C$18.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$15.82.

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.