BMO Capital Markets Trims Lundin Mining (TSE:LUN) Target Price to C$16.50

Lundin Mining (TSE:LUN) had its price target cut by BMO Capital Markets from C$17.00 to C$16.50 in a research report released on Thursday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus set a C$14.50 price target on Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. National Bankshares decreased their price target on Lundin Mining from C$13.00 to C$12.50 and set an outperform rating on the stock in a research note on Monday, January 15th. Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. UBS Group raised their price target on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group raised their price target on Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a research note on Friday, April 12th. One 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 target price of C$15.23.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$15.15 on Thursday. 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 has a twelve month low of C$8.18 and a twelve month high of C$16.51. The stock has a 50 day moving average of C$13.89 and a two-hundred day moving average of C$11.41. The stock has a market cap of C$11.74 billion, a P/E ratio of 36.07, a P/E/G ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. On average, research analysts forecast that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 2.38%. Lundin Mining’s dividend payout ratio is presently 85.71%.

Insiders Place Their Bets

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by company insiders.

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.