Lundin Mining Co. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lundin Mining Co. (OTCMKTS:LUNMFGet Rating) have earned a consensus rating of “Hold” from the sixteen brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.75.

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Lundin Mining from SEK 65 to SEK 60 in a research report on Monday, August 1st. JPMorgan Chase & Co. downgraded shares of Lundin Mining from an “overweight” rating to a “neutral” rating in a research note on Friday, November 11th. National Bank Financial reduced their target price on shares of Lundin Mining from C$8.50 to C$8.25 in a research note on Thursday, October 27th. Royal Bank of Canada cut their price target on Lundin Mining from C$14.00 to C$10.00 in a report on Friday, July 29th. Finally, Raymond James dropped their price objective on Lundin Mining from C$12.00 to C$11.00 in a report on Wednesday, August 24th.

Lundin Mining Trading Down 2.7 %

Shares of LUNMF stock opened at $5.74 on Monday. Lundin Mining has a twelve month low of $4.54 and a twelve month high of $11.25. The company has a market capitalization of $4.43 billion, a PE ratio of 8.20 and a beta of 1.47. The firm has a fifty day simple moving average of $5.31 and a 200-day simple moving average of $6.16.

Lundin Mining (OTCMKTS:LUNMFGet Rating) last released its earnings results on Tuesday, October 25th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.09). Lundin Mining had a net margin of 15.70% and a return on equity of 10.98%. The company had revenue of $648.50 million for the quarter. Equities research analysts predict that Lundin Mining will post 0.51 EPS for the current year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 14th. Shareholders of record on Friday, September 2nd were paid a $0.0698 dividend. The ex-dividend date was Thursday, September 1st. This represents a yield of 5.34%. Lundin Mining’s dividend payout ratio (DPR) is presently 38.57%.

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.

Further Reading

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.