Brokerages Set Lundin Mining Co. (TSE:LUN) PT at C$11.99

Lundin Mining Co. (TSE:LUN) has been given an average recommendation of “Hold” by the seventeen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$12.59.

LUN has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Lundin Mining from C$12.60 to C$16.40 and gave the stock an “overweight” rating in a research report on Thursday. Raymond James raised their target price on Lundin Mining from C$9.50 to C$11.50 in a research report on Wednesday, March 20th. Stifel Nicolaus set a C$14.50 target price on Lundin Mining and gave the stock a “buy” rating in a research report on Tuesday. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research report on Friday, March 1st. Finally, CIBC decreased their target price on Lundin Mining from C$13.00 to C$12.00 and set a “neutral” rating for the company in a research report on Tuesday, January 16th.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at C$13.86 on Tuesday. The company has a market cap of C$10.73 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of -0.26 and a beta of 1.81. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$13.97. The business has a 50 day moving average price of C$11.57 and a 200-day moving average price of C$10.38. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The business had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. Equities analysts anticipate that Lundin Mining will post 0.8100183 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.60%. Lundin Mining’s dividend payout ratio is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 16.06% of the company’s stock.

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.