Lundin Mining Co. (LUN) Receives Consensus Recommendation of “Buy” from Brokerages
Lundin Mining Co. (TSE:LUN) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$8.77.
A number of equities analysts have weighed in on LUN shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, April 11th. CSFB started coverage on Lundin Mining in a research report on Thursday, April 13th. They issued an “outperform” rating and a C$9.50 target price for the company. TD Securities reissued a “buy” rating and issued a C$9.50 target price on shares of Lundin Mining in a research report on Thursday, April 27th. Scotiabank boosted their target price on Lundin Mining from C$9.00 to C$9.50 and gave the stock a “focus stock” rating in a research report on Thursday, April 27th. Finally, Berenberg Bank boosted their target price on Lundin Mining from C$8.00 to C$9.00 and gave the stock a “buy” rating in a research report on Friday, May 19th.
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Shares of Lundin Mining (LUN) traded down 2.37% on Friday, hitting $9.08. 2,614,121 shares of the stock were exchanged. The company has a 50 day moving average of $7.69 and a 200 day moving average of $7.66. Lundin Mining has a 52-week low of $4.91 and a 52-week high of $9.25. The company has a market cap of $6.60 billion and a price-to-earnings ratio of 20.97.
Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, July 26th. The mining company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The business had revenue of $611.61 million during the quarter. Equities research analysts forecast that Lundin Mining will post $0.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.32%.
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, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo (DRC). It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals.
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