Lundin Mining (TSE:LUN) Trading Up 5.1%

Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price traded up 5.1% during mid-day trading on Wednesday . The company traded as high as C$16.02 and last traded at C$16.00. 436,885 shares changed hands during trading, a decline of 81% from the average session volume of 2,264,157 shares. The stock had previously closed at C$15.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Lundin Mining from C$18.00 to C$20.00 and gave the stock a "buy" rating in a report on Friday, April 12th. JPMorgan Chase & Co. upped 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. Bank of America upped their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. UBS Group upped their price objective on shares of Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. Finally, BMO Capital Markets raised shares of Lundin Mining from a "market perform" rating to an "outperform" rating and upped their price objective for the company from C$12.00 to C$16.00 in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of "Hold" and an average price target of C$14.48.

Lundin Mining Price Performance

The stock's 50-day simple moving average is C$12.71 and its 200 day simple moving average is C$10.86. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The company has a market cap of C$12.12 billion, a price-to-earnings ratio of 37.24, a PEG ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The business had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, equities research analysts anticipate that Lundin Mining Co. will post 0.8396226 EPS for the current fiscal year.

Lundin Mining Dividend Announcement

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

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Corporate 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.