Lundin Mining (TSE:LUN) PT Raised to C$16.50 at Canaccord Genuity Group

Lundin Mining (TSE:LUN - Free Report) had its price objective upped by Canaccord Genuity Group from C$11.00 to C$16.50 in a report issued on Wednesday, BayStreet.CA reports.

A number of other research analysts also recently commented on the company. Jefferies Financial Group boosted their price target on Lundin Mining from C$18.00 to C$20.00 and gave the company a buy rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. UBS Group lifted their target price on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Morgan Stanley lifted their target price on Lundin Mining from C$12.60 to C$16.40 and gave the company an overweight rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus set a C$14.50 target price on Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of Hold and an average price target of C$14.48.

Lundin Mining Price Performance

LUN stock traded up C$0.41 during midday trading on Wednesday, reaching C$15.64. The company had a trading volume of 2,630,740 shares, compared to its average volume of 2,300,374. The company has a market capitalization of C$12.12 billion, a price-to-earnings ratio of 37.24, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The stock has a 50 day moving average price of C$12.71 and a 200-day moving average price of C$10.86. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90.

Lundin Mining (TSE:LUN - Get Free Report) last posted its quarterly 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). The company had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. Equities research analysts expect that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining's dividend payout ratio is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the 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 transaction of C$69,160.00. 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.