Lundin Mining (TSE:LUN) PT Raised to C$20.00

Lundin Mining (TSE:LUNFree Report) had its target price hoisted by Jefferies Financial Group from C$18.00 to C$20.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.

Several other research firms also recently issued reports on LUN. Bank of America boosted their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. BMO Capital Markets upgraded shares of Lundin Mining from a market perform rating to an outperform rating and upped their target price for the company from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. Canaccord Genuity Group cut their price target on shares of Lundin Mining from C$11.00 to C$10.75 in a report on Monday, January 22nd. Pi Financial reiterated a buy rating on shares of Lundin Mining in a research note on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Lundin Mining has an average rating of Hold and a consensus target price of C$13.60.

Get Our Latest Analysis on LUN

Lundin Mining Price Performance

Lundin Mining stock opened at C$15.62 on Friday. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$16.51. The firm has a 50 day moving average price of C$12.54 and a 200 day moving average price of C$10.78. The company has a market cap of C$12.11 billion, a price-to-earnings ratio of 37.19, a PEG 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.

Lundin Mining (TSE:LUNGet Free Report) last released its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The company had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Sell-side analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.30%. Lundin Mining’s payout ratio is currently 85.71%.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

(Get Free Report)

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.

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