Lundin Mining (TSE:LUN) Trading 5.2% Higher

Lundin Mining Co. (TSE:LUN)’s share price shot up 5.2% on Friday . The stock traded as high as C$15.73 and last traded at C$15.68. 190,249 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,421,802 shares. The stock had previously closed at C$14.91.

Analyst Ratings Changes

Several research firms have weighed in on LUN. Royal Bank of Canada boosted their price target on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Haywood Securities downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Ventum Financial boosted their price objective on shares of Lundin Mining from C$19.00 to C$20.00 in a research report on Tuesday, May 28th. Morgan Stanley boosted their price objective on shares of Lundin Mining from C$20.00 to C$20.70 in a research report on Friday, June 21st. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$16.63.

Lundin Mining Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. The firm’s 50-day moving average is C$15.71 and its 200-day moving average is C$13.28. The company has a market cap of C$11.82 billion, a PE ratio of 80.16, a PEG ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The business had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. On average, equities analysts anticipate that Lundin Mining Co. will post 0.7934045 EPS for the current year.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Friday, May 31st. Lundin Mining’s dividend payout ratio (DPR) is presently 189.47%.

Insiders Place Their Bets

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. In other news, Senior Officer Annie Laurenson sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. 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.