Jefferies Financial Group Lowers Lundin Mining (TSE:LUN) Price Target to C$16.00

Lundin Mining (TSE:LUN) had its price target reduced by Jefferies Financial Group from C$20.00 to C$16.00 in a research report released on Monday,BayStreet.CA reports.

LUN has been the topic of several other research reports. UBS Group boosted their price target on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Raymond James lowered their target price on shares of Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Royal Bank of Canada cut their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Finally, Ventum Financial lifted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Lundin Mining Stock Up 0.2 %

Lundin Mining stock opened at C$12.61 on Monday. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining has a 1-year low of C$9.85 and a 1-year high of C$17.97. The company has a fifty day simple moving average of C$13.29 and a 200 day simple moving average of C$13.71. The company has a market cap of C$9.80 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.46 billion during the quarter, compared to the consensus estimate of C$1.49 billion.

Lundin Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.85%. Lundin Mining’s dividend payout ratio (DPR) is currently 128.57%.

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.