Analysts Set Lundin Mining Co. (TSE:LUN) Price Target at C$14.56

Shares of Lundin Mining Co. (TSE:LUN) have earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$14.93.

Several analysts have recently commented on LUN shares. Morgan Stanley increased their price objective on Lundin Mining from C$16.30 to C$16.40 in a research note on Tuesday. CIBC raised their price objective on Lundin Mining from C$12.00 to C$15.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Raymond James boosted their price target on shares of Lundin Mining from C$13.00 to C$15.00 in a report on Wednesday. Finally, National Bankshares decreased their price objective on shares of 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.

Lundin Mining Price Performance

Shares of LUN opened at C$16.23 on Friday. The stock has a market cap of C$12.58 billion, a P/E ratio of 38.64, a P/E/G ratio of -0.26 and a beta of 1.85. The business’s fifty day moving average is C$13.45 and its 200 day moving average is C$11.19. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. The business had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Sell-side analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.22%. Lundin Mining’s dividend payout ratio is 85.71%.

Insiders Place Their Bets

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction 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. Company insiders own 15.70% of the company’s stock.

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.