JPMorgan Chase & Co. Boosts Lundin Mining (TSE:LUN) Price Target to C$15.50

Lundin Mining (TSE:LUN) had its target price boosted by JPMorgan Chase & Co. from C$9.10 to C$15.50 in a report issued on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the mining company’s stock.

Other equities analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. Morgan Stanley lifted their price objective on shares of Lundin Mining from C$12.60 to C$16.40 and gave the stock an overweight rating in a research report on Thursday, March 28th. Jefferies Financial Group lifted their price objective on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Finally, National Bankshares decreased their target price on shares of Lundin Mining from C$13.00 to C$12.50 and set an outperform rating for the company in a research note on Monday, January 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Lundin Mining currently has an average rating of Hold and a consensus price target of C$14.56.

Lundin Mining Trading Down 1.3 %

Lundin Mining stock opened at C$15.84 on Wednesday. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The firm has a market cap of C$12.28 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth 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’s 50 day moving average price is C$12.91 and its two-hundred day moving average price is 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). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The firm had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. On average, research analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Lundin Mining Dividend Announcement

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

Insider Activity at Lundin Mining

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

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.