Scotiabank reaffirmed their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research note published on Wednesday. Scotiabank currently has a C$10.50 target price on the mining company’s stock.

A number of other equities research analysts have also issued reports on LUN. Eight Capital reaffirmed a buy rating on shares of Lundin Mining in a research report on Thursday, August 17th. Royal Bank Of Canada boosted their target price on Lundin Mining from C$8.00 to C$9.00 in a research report on Friday, May 19th. Berenberg Bank boosted their target price on Lundin Mining from C$8.65 to C$9.25 in a research report on Thursday, July 27th. National Bank Financial cut their target price on Lundin Mining from C$10.50 to C$9.50 and set an outperform rating on the stock in a research report on Monday, July 24th. Finally, TD Securities boosted their target price on Lundin Mining from C$9.50 to C$10.00 and gave the stock a buy rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of C$8.89.

Shares of Lundin Mining (TSE LUN) opened at 8.84 on Wednesday. The company’s 50-day moving average price is $9.06 and its 200-day moving average price is $7.89. The stock has a market cap of $6.43 billion and a PE ratio of 20.42. Lundin Mining has a 52-week low of $4.91 and a 52-week high of $9.90.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, July 26th. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $611.61 million for the quarter. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. Analysts expect that Lundin Mining will post $0.36 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 8th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, September 7th.

Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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