Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lundin Mining Co. (TSE:LUN – Get Rating) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$13.57.

LUN has been the subject of several recent analyst reports. National Bank Financial upgraded Lundin Mining from an “underperform overweight” rating to a “sector perform overweight” rating in a research note on Thursday, February 23rd. Haywood Securities increased their target price on shares of Lundin Mining from C$10.50 to C$11.50 in a research report on Thursday, February 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lundin Mining from C$8.50 to C$8.00 in a research report on Tuesday, January 17th. National Bankshares upgraded Lundin Mining from an “underperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$9.00 to C$8.75 in a research report on Friday, February 24th. Finally, Morgan Stanley upgraded Lundin Mining from an “equal weight” rating to an “overweight” rating and upped their target price for the company from C$9.10 to C$12.80 in a report on Friday, February 3rd.

Lundin Mining Price Performance

TSE:LUN opened at C$7.64 on Friday. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.28 and a quick ratio of 0.90. The company has a 50 day moving average price of C$9.03 and a 200-day moving average price of C$8.08. Lundin Mining has a 1-year low of C$6.24 and a 1-year high of C$14.00. The firm has a market cap of C$5.89 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of -0.26 and a beta of 1.70.

Lundin Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Friday, March 24th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Thursday, March 23rd. Lundin Mining’s dividend payout ratio is currently 49.32%.

Lundin Mining Company Profile

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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.