Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$14.56

Lundin Mining Co. (TSE:LUN) has earned a consensus rating of “Hold” from the eighteen analysts that are covering the stock, Marketbeat reports. One investment 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 target price among analysts that have updated their coverage on the stock in the last year is C$14.81.

Several research firms have recently commented on LUN. Raymond James upped their price objective on shares of Lundin Mining from C$11.50 to C$13.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lifted their price objective on Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Jefferies Financial Group upped their target price on 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. National Bankshares dropped their target price on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Monday, January 15th. Finally, Pi Financial reissued a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$15.79 on Friday. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51. The business’s fifty day simple moving average is C$13.10 and its 200-day simple moving average is C$11.04. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. The company has a market cap of C$12.24 billion, a PE ratio of 37.60, a PEG ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last released its 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 company had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. Analysts expect that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, March 21st. Lundin Mining’s dividend payout ratio is presently 85.71%.

Insider Activity at Lundin Mining

In other Lundin Mining 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 transaction of C$69,160.00. 15.70% of the stock is owned by corporate 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.