Insider Selling: Lundin Mining Co. (TSE:LUN) Senior Officer Sells 8,834 Shares of Stock

Lundin Mining Co. (TSE:LUN) Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76.

Lundin Mining Trading Up 1.9 %

TSE:LUN opened at C$16.54 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. Lundin Mining Co. has a 52 week low of C$8.18 and a 52 week high of C$17.97. The firm has a market capitalization of C$12.84 billion, a P/E ratio of 87.05, a P/E/G ratio of -0.26 and a beta of 1.82. The company has a fifty day moving average of C$15.41 and a 200 day moving average of C$12.20.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. On average, research analysts predict that Lundin Mining Co. will post 0.7934045 earnings per share for the current year.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 2.18%. Lundin Mining’s dividend payout ratio (DPR) is presently 189.47%.

Analysts Set New Price Targets

A number of equities analysts have commented on LUN shares. CIBC boosted their price target on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Royal Bank of Canada boosted their price target on shares of Lundin Mining from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. UBS Group upped their price objective on shares of Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. Eight Capital cut shares of Lundin Mining from a “buy” rating to a “neutral” rating and upped their price objective for the company from C$13.00 to C$16.00 in a research note on Monday, April 22nd. Finally, Haywood Securities cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$15.82.

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.