Lundin Mining Co. (TSE:LUN) Senior Officer Stephen Trelawney Gatley acquired 66,660 shares of the company's stock in a transaction on Monday, February 22nd. The shares were purchased at an average cost 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 of the company's stock, valued at C$1,345,272.20.
Stephen Trelawney Gatley also recently made the following trade(s):
- On Friday, December 4th, Stephen Trelawney Gatley bought 33,330 shares of Lundin Mining stock. The shares were bought at an average cost of C$8.17 per share, with a total value of C$272,306.10.
LUN traded down C$0.14 during trading on Tuesday, hitting C$14.87. 346,692 shares of the stock were exchanged, compared to its average volume of 2,094,577. The firm has a market capitalization of C$10.94 billion and a P/E ratio of 65.26. Lundin Mining Co. has a 1-year low of C$4.08 and a 1-year high of C$15.42. The stock has a fifty day moving average price of C$12.34 and a two-hundred day moving average price of C$9.62. The company has a quick ratio of 0.90, a current ratio of 1.43 and a debt-to-equity ratio of 4.52.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Friday, March 26th will be given a dividend of $0.06 per share. This is a positive change from Lundin Mining's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, March 25th. This represents a $0.24 annualized dividend and a yield of 1.61%. Lundin Mining's payout ratio is 51.49%.
A number of brokerages have commented on LUN. National Bank Financial boosted their target price on shares of Lundin Mining from C$13.50 to C$15.50 and gave the stock a "sector perform" rating in a report on Monday. Scotiabank boosted their price target on Lundin Mining from C$14.00 to C$15.00 in a research note on Friday. Haywood Securities upped their target price on Lundin Mining from C$14.00 to C$17.00 in a research report on Monday. Morgan Stanley upped their target price on Lundin Mining from C$10.80 to C$12.80 in a research report on Thursday, December 10th. Finally, Eight Capital upped their target price on Lundin Mining to C$14.50 and gave the company a "buy" rating in a research report on Friday, January 22nd. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Lundin Mining has an average rating of "Hold" and a consensus price target of C$13.36.
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, 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.
Featured Story: What is a dead cat bounce?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio
Almost everyone loves a company that pays strong dividends. Who doesn't like receiving a check every quarter for simply owning a stock--especially if that stock is paying you back 4%, 5% or even 10% of its share price in annual income each year?. In a world where 10-year treasuries are yielding just above 2%, it seems hard to go wrong when buying a stock that's yielding significantly above the going rates on fixed-income assets. Unfortunately, the market rarely offers a free lunch.
While high-yield stocks may have a lot of near-term attractiveness, those same high-yields can often signal significant danger ahead. In some cases, it might mean that the company's dividend will stop growing or won't grow as fast as it used to. Worse yet, the company could cut its dividend, reduce the income you receive from owning the stock and drive down the value of the shares that you own.
4%-plus yields might seem like an easy opportunity to boost the investment income you receive, but high-yield stocks can just as often be a track reading to snare unsuspecting investors. It's not always easy to tell the difference though.
This slideshow highlights 10 high-yield dividend stocks that are paying an unsustainably large percentage of their earnings in the form of a dividend. These companies are all paying out more than 100% of their earnings per share in the form of a dividend, a sign that the advertised high-yield probably won't last.
View the "20 High-Yield Dividend Stocks that Could Ruin Your Retirement Portfolio".