Royal Bank of Canada Boosts Lundin Mining (TSE:LUN) Price Target to C$17.00

Lundin Mining (TSE:LUN) had its price objective increased by Royal Bank of Canada from C$13.00 to C$17.00 in a report released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.

Several other research analysts also recently issued reports on LUN. National Bankshares dropped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a buy rating to a hold rating in a report on Tuesday, April 9th. Eight Capital downgraded Lundin Mining from a buy rating to a neutral rating and raised their price objective for the stock from C$13.00 to C$16.00 in a research report on Monday, April 22nd. Stifel Nicolaus set a C$14.50 price objective on Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. Finally, Canaccord Genuity Group upped their target price on Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday, April 17th. One equities research 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.com, the stock currently has an average rating of Hold and a consensus target price of C$15.23.

Lundin Mining Stock Up 0.8 %

Lundin Mining stock opened at C$15.15 on Friday. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$16.51. The firm has a fifty day moving average price of C$13.89 and a two-hundred day moving average price of C$11.43. The firm has a market cap of C$11.74 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. As a group, analysts forecast 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 will be paid on Wednesday, June 19th. Investors of record on Friday, May 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.38%. Lundin Mining’s dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction 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. Corporate 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.