Raymond James Boosts Lundin Mining (TSE:LUN) Price Target to C$13.00

Lundin Mining (TSE:LUN - Free Report) had its target price raised by Raymond James from C$11.50 to C$13.00 in a report published on Thursday, BayStreet.CA reports. Raymond James currently has a market perform rating on the mining company's stock.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised shares of Lundin Mining from a market perform rating to an outperform rating and increased their price target for the company from C$12.00 to C$16.00 in a report on Wednesday, March 27th. Morgan Stanley increased their price objective on shares of Lundin Mining from C$12.60 to C$16.40 and gave the stock an overweight rating in a research report on Thursday, March 28th. National Bankshares reduced their target price on shares of Lundin Mining from C$13.00 to C$12.50 and set an outperform rating on the stock in a research report on Monday, January 15th. Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the stock a buy rating in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lundin Mining from C$9.10 to C$15.50 and gave the company a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$14.56.

Lundin Mining Trading Up 2.6 %

Shares of TSE:LUN traded up C$0.41 during trading on Thursday, reaching C$16.05. The company's stock had a trading volume of 2,269,959 shares, compared to its average volume of 2,301,871. The company has a current ratio of 1.48, a quick ratio of 0.90 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. The firm's 50 day simple moving average is C$12.80 and its two-hundred day simple moving average is C$10.89. The stock has a market capitalization of C$12.44 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN - Get Free Report) last announced 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). 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 during the quarter, compared to the consensus estimate of C$1.39 billion. On average, research analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.24%. Lundin Mining's dividend payout ratio is presently 85.71%.

Insider Activity at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the business's stock in a transaction 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. 15.70% of the stock is currently owned by insiders.

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.