Lundin Mining (TSE:LUN) Given New C$16.00 Price Target at Jefferies Financial Group

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 report published on Monday morning,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Royal Bank of Canada dropped their price objective on 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 shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Raymond James lowered their price objective on shares of Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Finally, UBS Group raised their target price on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.47.

Lundin Mining Stock Performance

TSE LUN opened at C$12.84 on Monday. The firm has a 50-day moving average price of C$13.33 and a two-hundred day moving average price of C$13.73. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97. The company has a market capitalization of C$9.97 billion, a P/E ratio of 45.86, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$1.49 billion.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was 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.