Lundin Mining (TSE:LUN) Reaches New 1-Year High at $16.21

Lundin Mining Co. (TSE:LUN - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.21 and last traded at C$16.08, with a volume of 1277860 shares. The stock had previously closed at C$16.02.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of Lundin Mining from C$8.90 to C$8.40 in a report on Friday, January 19th. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the company a "buy" rating in a report on Tuesday, March 26th. CIBC dropped their price objective on shares of Lundin Mining from C$13.00 to C$12.00 and set a "neutral" rating on the stock in a report on Tuesday, January 16th. Pi Financial reissued a "buy" rating on shares of Lundin Mining in a report on Friday, March 1st. Finally, BMO Capital Markets upgraded shares of Lundin Mining from a "market perform" rating to an "outperform" rating and boosted their target price for the company from C$12.00 to C$16.00 in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Lundin Mining has an average rating of "Hold" and a consensus price target of C$13.21.

Lundin Mining Stock Performance

The firm's 50 day moving average price is C$12.27 and its two-hundred day moving average price is C$10.66. 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$12.77 billion, a PE ratio of 39.21, a PEG ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate 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. On average, research analysts forecast that Lundin Mining Co. will post 0.8396226 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, April 10th. Stockholders of record on Friday, March 22nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.19%. Lundin Mining's dividend payout ratio is currently 85.71%.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 15.70% of the company's stock.

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.