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

Shares of Lundin Mining Co. (TSE:LUN) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$11.99.

Several research analysts have weighed in on the company. UBS Group upgraded Lundin Mining from a “neutral” rating to a “buy” rating and boosted their price target for the company from C$10.00 to C$12.00 in a report on Wednesday, June 14th. Morgan Stanley increased their target price on Lundin Mining from C$10.60 to C$12.70 in a research report on Thursday, June 22nd. Stifel Nicolaus set a C$13.00 price target on Lundin Mining and gave the stock a “buy” rating in a research note on Friday, May 19th. CSFB dropped their price objective on shares of Lundin Mining from C$12.00 to C$11.00 and set a “neutral” rating for the company in a research note on Monday, August 21st. Finally, Haywood Securities raised their target price on shares of Lundin Mining from C$11.50 to C$12.00 in a research report on Friday, July 14th.

Lundin Mining Trading Up 2.6 %

Shares of LUN stock opened at C$10.47 on Friday. The company has a market capitalization of C$8.10 billion, a price-to-earnings ratio of 17.45, a PEG ratio of -0.26 and a beta of 1.76. The company has a current ratio of 1.16, a quick ratio of 0.90 and a debt-to-equity ratio of 7.46. The firm has a 50-day moving average price of C$10.86 and a 200 day moving average price of C$10.13. Lundin Mining has a twelve month low of C$6.24 and a twelve month high of C$11.93.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, August 2nd. The mining company reported C$0.03 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.03). The firm had revenue of C$790.56 million for the quarter, compared to analysts’ expectations of C$823.32 million. Lundin Mining had a return on equity of 6.57% and a net margin of 12.15%. Research analysts forecast that Lundin Mining will post 1.2958435 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Friday, September 1st were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Thursday, August 31st. Lundin Mining’s dividend payout ratio is currently 60.00%.

About Lundin Mining

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.