Lundin Mining Co. (TSE:LUN) Receives C$17.98 Average Price Target from Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus rating of “Moderate Buy” from the sixteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$17.98.

A number of research firms have commented on LUN. National Bankshares cut their price target on shares of Lundin Mining from C$19.50 to C$18.50 and set an “outperform” rating for the company in a research note on Monday, July 15th. Royal Bank of Canada cut their target price 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 report on Tuesday, September 10th. Ventum Financial raised their price target on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price objective for the company in a report on Tuesday, August 6th. Finally, CIBC increased their price objective on Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th.

Insider Activity at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin bought 65,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were bought at an average cost of C$12.55 per share, with a total value of C$815,854.00. 15.70% of the stock is currently owned by company insiders.

Lundin Mining Price Performance

TSE:LUN opened at C$13.89 on Wednesday. The firm has a market capitalization of C$10.79 billion, a price-to-earnings ratio of 49.61, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a fifty day moving average of C$13.62 and a 200 day moving average of C$14.51. Lundin Mining has a 52-week low of C$8.19 and a 52-week high of C$17.97.

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

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

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.