Lundin Mining (TSE:LUN) Price Target Raised to C$16.40

Lundin Mining (TSE:LUN) had its target price upped by Morgan Stanley from C$16.30 to C$16.40 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts have also issued reports on LUN. National Bankshares lowered their price target on shares of Lundin Mining from C$13.00 to C$12.50 and set an outperform rating on the stock in a report on Monday, January 15th. Pi Financial reissued a buy rating on shares of Lundin Mining in a report on Friday, March 1st. Jefferies Financial Group boosted their price target on shares of Lundin Mining from C$18.00 to C$20.00 and gave the company a buy rating in a report on Friday, April 12th. Canaccord Genuity Group boosted their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a buy rating to a hold rating in a report on Tuesday, April 9th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of C$14.93.

Lundin Mining Price Performance

TSE:LUN opened at C$15.60 on Tuesday. The stock has a market cap of C$12.09 billion, a P/E ratio of 37.14, a PEG ratio of -0.26 and a beta of 1.85. Lundin Mining has a one year low of C$8.18 and a one year high of C$16.51. The company has a fifty day moving average price of C$13.36 and a 200 day moving average price of C$11.14. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The business had revenue of C$1.44 billion during 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%. Analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is currently 85.71%.

Insiders Place Their Bets

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction dated Wednesday, March 20th. The shares were 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.

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.