Lundin Mining Co. (TSE:LUN) Director Peter Clark Jones acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was acquired at an average price of C$5.43 per share, for a total transaction of C$81,450.00.

TSE:LUN traded down C$0.23 during trading hours on Friday, hitting C$5.34. The stock had a trading volume of 2,254,500 shares, compared to its average volume of 2,404,376. Lundin Mining Co. has a one year low of C$4.70 and a one year high of C$10.12. The company has a quick ratio of 4.09, a current ratio of 4.73 and a debt-to-equity ratio of 10.57.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Friday, December 7th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, December 6th. Lundin Mining’s payout ratio is presently 16.02%.

LUN has been the subject of several recent analyst reports. CIBC lowered their target price on shares of Lundin Mining from C$10.00 to C$9.00 in a research note on Friday, August 31st. National Bank Financial lowered their target price on shares of Lundin Mining from C$11.25 to C$10.00 in a research note on Saturday, July 14th. Raymond James lowered their target price on shares of Lundin Mining from C$9.00 to C$8.50 and set a “market perform” rating for the company in a research note on Friday, October 26th. CSFB reaffirmed a “neutral” rating and issued a C$10.00 target price on shares of Lundin Mining in a research note on Monday, September 10th. Finally, Royal Bank of Canada raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and set a C$8.00 target price for the company in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Lundin Mining presently has a consensus rating of “Hold” and an average price target of C$9.13.

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About Lundin Mining

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, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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