Lundin Mining (TSE:LUN) Given New C$13.00 Price Target at Raymond James

Lundin Mining (TSE:LUN) had its target price lifted by Raymond James from C$11.50 to C$13.00 in a research note released on Thursday, BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group boosted their price objective on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Lundin Mining from C$9.10 to C$15.50 and gave the company a neutral rating in a report on Wednesday. UBS Group upped their target price on Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Stifel Nicolaus set a C$14.50 target price on Lundin Mining and gave the company a buy rating in a report on Tuesday, March 26th. Finally, CIBC upped their target price on Lundin Mining from C$12.00 to C$15.00 and gave the company a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of C$14.56.

Lundin Mining Price Performance

TSE LUN opened at C$16.05 on Thursday. The stock’s 50-day moving average price is C$12.80 and its two-hundred day moving average price is C$10.89. 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$12.44 billion, a PE ratio of 38.21, a PEG 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.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) 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 analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, analysts predict that Lundin Mining will post 0.8396226 EPS for the current year.

Lundin Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%. Lundin Mining’s payout ratio is currently 85.71%.

Insiders Place Their Bets

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Company insiders own 15.70% of the company’s stock.

Lundin Mining Company Profile

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.