Lundin Mining (TSE:LUN) Lowered to Neutral at Eight Capital

Eight Capital lowered shares of Lundin Mining (TSE:LUN) from a buy rating to a neutral rating in a report released on Monday, BayStreet.CA reports. Eight Capital currently has C$16.00 price target on the mining company’s stock, up from their previous price target of C$13.00.

Other equities analysts have also issued research reports about the company. Bank of America boosted their price objective on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. CIBC boosted their target price on Lundin Mining from C$12.00 to C$15.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on Lundin Mining from C$9.10 to C$15.50 and gave the stock a neutral rating in a research report on Wednesday, April 17th. National Bankshares dropped their target price on Lundin Mining from C$13.00 to C$12.50 and set an outperform rating for the company in a research report on Monday, January 15th. Finally, Jefferies Financial Group boosted their target price on Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Lundin Mining has an average rating of Hold and an average price target of C$14.81.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$15.79 on Monday. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51. The firm has a market capitalization of C$12.24 billion, a PE ratio of 37.60, a PEG ratio of -0.26 and a beta of 1.85. The business’s 50 day moving average is C$13.10 and its 200-day moving average is C$11.04. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. Sell-side analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.28%. Lundin Mining’s payout ratio is 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 dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Insiders own 15.70% of the company’s stock.

About Lundin Mining

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.