Lundin Mining Co. (TSE:LUN) has been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$9.40.
A number of brokerages have commented on LUN. National Bank Financial boosted their target price on Lundin Mining from C$9.00 to C$9.25 and gave the company an “outperform” rating in a research note on Monday, February 25th. CIBC boosted their target price on Lundin Mining from C$8.00 to C$9.00 in a research note on Monday, January 21st. Morgan Stanley set a C$8.70 target price on Lundin Mining and gave the company an “overweight” rating in a research note on Thursday, January 3rd. Goldman Sachs Group reduced their price target on Lundin Mining from C$7.75 to C$7.50 in a research report on Friday, January 18th. Finally, Raymond James reduced their price target on Lundin Mining from C$8.50 to C$8.00 in a research report on Friday, January 18th.
Shares of LUN traded down C$0.24 during midday trading on Friday, reaching C$7.70. The stock had a trading volume of 2,018,300 shares, compared to its average volume of 2,620,109. Lundin Mining has a 52 week low of C$4.70 and a 52 week high of C$8.96. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.42 and a current ratio of 2.92. The company has a market capitalization of $5.67 billion and a PE ratio of 28.73.
Lundin Mining (TSE:LUN) last announced its earnings results on Thursday, February 14th. The mining company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$538.89 million for the quarter, compared to analyst estimates of C$555.90 million. On average, equities research analysts forecast that Lundin Mining will post 0.520694264573504 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.56%. Lundin Mining’s dividend payout ratio is currently 34.40%.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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