Lundin Mining (TSE:LUN) Sets New 1-Year High at $14.72

Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$14.72 and last traded at C$14.65, with a volume of 158574 shares. The stock had previously closed at C$14.55.

Analysts Set New Price Targets

Several analysts have issued reports on LUN shares. 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. Raymond James lifted their price target on Lundin Mining from C$9.50 to C$11.50 in a report on Wednesday, March 20th. Eight Capital set a C$11.50 price objective on Lundin Mining and gave the company a "buy" rating in a research report on Wednesday, December 6th. Canaccord Genuity Group reduced their target price on shares of Lundin Mining from C$11.00 to C$10.75 in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lundin Mining from C$8.90 to C$8.40 in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$12.59.

Lundin Mining Trading Down 0.3 %

The company has a 50 day simple moving average of C$11.88 and a two-hundred day simple moving average of C$10.49. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The firm has a market cap of C$11.24 billion, a PE ratio of 34.55, a P/E/G ratio of -0.26 and a beta of 1.81.

Lundin Mining (TSE:LUN - Get Free Report) last issued its earnings results on Wednesday, February 21st. The mining company reported C$0.14 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 firm had revenue of C$1.44 billion during the quarter, compared to analysts' expectations of C$1.39 billion. Analysts expect that Lundin Mining Co. will post 0.84 EPS for the current fiscal year.

Lundin Mining Announces Dividend

The firm 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 of this dividend is Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.48%. Lundin Mining's dividend payout ratio (DPR) is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the firm's stock in a transaction dated 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.