Lundin Mining (OTCMKTS:LUNMF) Price Target Cut to SEK 60 by Analysts at UBS Group

Lundin Mining (OTCMKTS:LUNMFGet Rating) had its target price trimmed by UBS Group from SEK 65 to SEK 60 in a research note released on Monday, The Fly reports.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus decreased their price objective on Lundin Mining from C$14.00 to C$12.50 in a report on Friday. Canaccord Genuity Group cut their price target on Lundin Mining from C$11.50 to C$10.50 and set a buy rating for the company in a research note on Monday. BMO Capital Markets initiated coverage on Lundin Mining in a research note on Monday, May 2nd. They set an outperform rating for the company. JPMorgan Chase & Co. cut their price target on Lundin Mining from SEK 106 to SEK 97 and set an overweight rating for the company in a research note on Tuesday, July 5th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Lundin Mining from SEK 75 to SEK 65 and set a hold rating for the company in a research note on Friday. Fourteen analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lundin Mining currently has a consensus rating of Hold and a consensus target price of $27.49.

Lundin Mining Stock Down 0.4 %

Shares of LUNMF opened at $5.62 on Monday. The stock has a 50 day moving average price of $6.97 and a 200 day moving average price of $8.49. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 5.91 and a beta of 1.58. Lundin Mining has a 52-week low of $5.10 and a 52-week high of $11.25.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Friday, June 3rd were given a $0.0701 dividend. This represents a dividend yield of 3.14%. The ex-dividend date was Thursday, June 2nd. Lundin Mining’s dividend payout ratio is currently 29.47%.

Lundin Mining Company Profile

(Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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