Lundin Mining (TSE:LUN) PT Set at C$14.50 by Stifel Nicolaus

Stifel Nicolaus set a C$14.50 price objective on Lundin Mining (TSE:LUN) in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.

Several other research firms also recently commented on LUN. Veritas Investment Research reaffirmed a sell rating on shares of Lundin Mining in a research note on Friday, December 8th. National Bankshares cut their target price on Lundin Mining from C$13.00 to C$12.50 and set an outperform rating for the company in a research note on Monday, January 15th. BMO Capital Markets lowered their price target on Lundin Mining from C$12.50 to C$12.00 in a report on Friday, February 2nd. Raymond James increased their target price on Lundin Mining from C$9.50 to C$11.50 in a report on Wednesday, March 20th. Finally, Eight Capital set a C$11.50 price target on Lundin Mining and gave the stock a buy rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Lundin Mining has an average rating of Hold and an average price target of C$12.59.

Lundin Mining Stock Up 3.4 %

LUN opened at C$13.86 on Tuesday. The business has a 50 day moving average price of C$11.65 and a two-hundred day moving average price of C$10.40. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The company has a market cap of C$10.73 billion, a PE ratio of 33.00, a P/E/G ratio of -0.26 and a beta of 1.81. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$13.97.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The company had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, research analysts anticipate that Lundin Mining will post 0.8100183 EPS for the current year.

Lundin Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 22nd will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.36 annualized dividend and a yield of 2.60%. Lundin Mining’s payout ratio is 85.71%.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s 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. 16.06% of the stock is owned by corporate insiders.

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.