Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$17.72

Lundin Mining Co. (TSE:LUN) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$17.72.

LUN has been the topic of a number of research reports. Ventum Financial upped their price objective on Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Royal Bank of Canada reduced 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. Raymond James lowered their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Finally, UBS Group boosted their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th.

Lundin Mining Stock Performance

TSE LUN opened at C$12.51 on Thursday. The stock has a market cap of C$9.72 billion, a PE ratio of 44.68, 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 firm has a 50-day moving average of C$13.55 and a 200-day moving average of C$13.82. Lundin Mining has a 52-week low of C$9.85 and a 52-week high of C$17.97.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data 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). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is presently 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.