Lundin Mining (LUN) Set to Announce Quarterly Earnings on Thursday

Lundin Mining (TSE:LUN) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Lundin Mining to post earnings of C$0.15 per share for the quarter.

Lundin Mining (TSE:LUN) last announced 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). 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.

Lundin Mining Trading Up 1.5 %

Shares of LUN stock opened at C$16.48 on Tuesday. The business’s 50 day moving average is C$13.54 and its two-hundred day moving average is C$11.26. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$16.51. The company has a market capitalization of C$12.78 billion, a P/E ratio of 39.24, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.18%. Lundin Mining’s dividend payout ratio (DPR) is currently 85.71%.

Insider Transactions at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the 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. Insiders own 15.70% of the company’s stock.

Analyst Upgrades and Downgrades

LUN has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price 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. National Bankshares decreased their price target on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Monday, January 15th. UBS Group lifted their price target on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Jefferies Financial Group lifted their price target on Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Bank of America lifted their price target on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Lundin Mining presently has an average rating of “Hold” and a consensus price target of C$14.93.

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.