Lundin Mining Co. (TSE:LUN) has earned a consensus rating of "Hold" from the nineteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$14.60.
LUN has been the topic of several analyst reports. BMO Capital Markets upped their target price on shares of Lundin Mining from C$13.50 to C$14.50 in a research note on Tuesday, February 23rd. Morgan Stanley upped their price objective on Lundin Mining from C$12.80 to C$13.50 and gave the company an "equal weight" rating in a research report on Wednesday, March 24th. Canaccord Genuity upped their price objective on Lundin Mining from C$13.00 to C$15.00 and gave the stock a "hold" rating in a research note on Monday, February 22nd. Credit Suisse Group upped their price target on Lundin Mining from C$9.00 to C$11.00 in a research report on Tuesday, January 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Lundin Mining from C$15.60 to C$16.00 and gave the company a "strong-buy" rating in a research note on Monday.
In other Lundin Mining news, Senior Officer Stephen Trelawney Gatley purchased 66,660 shares of the firm's stock in a transaction that occurred on Monday, February 22nd. The shares were bought at an average price of C$8.17 per share, with a total value of C$544,612.20. Following the completion of the purchase, the insider now directly owns 164,660 shares in the company, valued at C$1,345,272.20.
Shares of LUN stock traded up C$0.17 during mid-day trading on Friday, reaching C$15.72. 372,449 shares of the company's stock traded hands, compared to its average volume of 2,170,535. The company's 50-day moving average price is C$13.99 and its 200-day moving average price is C$11.18. The company has a market cap of C$11.61 billion and a P/E ratio of 54.58. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 4.52. Lundin Mining has a 12 month low of C$5.68 and a 12 month high of C$15.75.
Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Thursday, February 18th. The mining company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.14 by C$0.06. The business had revenue of C$690.15 million for the quarter. Equities analysts predict that Lundin Mining will post 0.91 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Friday, March 26th were given a dividend of $0.06 per share. This is an increase from Lundin Mining's previous quarterly dividend of $0.04. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Thursday, March 25th. Lundin Mining's dividend payout ratio is currently 41.12%.
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, and Sweden. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.
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