Lundin Mining (LUN) Scheduled to Post Quarterly Earnings on Thursday

Lundin Mining (TSE:LUN) will be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Lundin Mining to post earnings of C$0.15 per share for the quarter.

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 the consensus estimate of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%.

Lundin Mining Stock Performance

Shares of LUN opened at C$15.32 on Thursday. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90. The firm has a market cap of C$11.88 billion, a PE ratio of 36.48, a PEG ratio of -0.26 and a beta of 1.85. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$16.51. The stock’s fifty day moving average price is C$13.27 and its two-hundred day moving average price is C$11.11.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is currently 85.71%.

Insider Transactions at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Corporate insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LUN shares. CIBC lifted their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Raymond James raised their price target on Lundin Mining from C$13.00 to C$15.00 in a report on Wednesday. National Bankshares reduced their price target 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. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. Finally, Morgan Stanley lifted their target price on Lundin Mining from C$16.30 to C$16.40 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$14.93.

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.