Lundin Mining (TSE:LUN) Price Target Cut to C$16.50 by Analysts at BMO Capital Markets

Lundin Mining (TSE:LUN) had its target price cut by BMO Capital Markets from C$17.00 to C$16.50 in a report issued on Thursday morning, BayStreet.CA reports.

LUN has been the topic of several other reports. Eight Capital lowered shares of Lundin Mining from a buy rating to a neutral rating and boosted their price objective for the stock from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Lundin Mining from a buy rating to a hold rating in a report on Tuesday, April 9th. UBS Group raised their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Bank of America lifted their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. Finally, Canaccord Genuity Group increased their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$15.23.

Lundin Mining Price Performance

TSE:LUN opened at C$15.15 on Thursday. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$16.51. The company has a market cap of C$11.74 billion, a P/E ratio of 36.07, a P/E/G ratio of -0.26 and a beta of 1.85. 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 stock’s 50-day simple moving average is C$13.89 and its 200 day simple moving average is C$11.43.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. As a group, sell-side analysts forecast that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.38%. Lundin Mining’s dividend payout ratio (DPR) is currently 85.71%.

Insider Activity at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction dated 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.

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.