Analysts Set Lundin Mining Co. (TSE:LUN) PT at C$17.98

Lundin Mining Co. (TSE:LUN) has been given an average rating of “Moderate Buy” by the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$17.98.

A number of analysts have recently weighed in on the company. CIBC upped their target price 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. JPMorgan Chase & Co. upgraded shares of Lundin Mining from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. Ventum Financial boosted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Haywood Securities upgraded shares of Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target on the stock in a research report on Tuesday, August 6th. Finally, Royal Bank of Canada lowered their price objective 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.

Lundin Mining Price Performance

Shares of LUN opened at C$14.05 on Friday. The company’s fifty day simple moving average is C$14.05 and its 200 day simple moving average is C$14.28. Lundin Mining has a 1-year low of C$9.33 and a 1-year high of C$17.97. The company has a market cap of C$10.91 billion, a price-to-earnings ratio of 50.18, a PEG ratio of -0.26 and a beta of 1.66. 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 (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The business had revenue of C$1.46 billion for the quarter, compared to analyst estimates 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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, November 29th. Lundin Mining’s payout ratio is 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.