Lundin Mining (TSE:LUN) Given New C$13.00 Price Target at Raymond James

Lundin Mining (TSE:LUN) had its price objective hoisted by Raymond James from C$11.50 to C$13.00 in a research report report published on Thursday, BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

Several other research firms have also issued reports on LUN. Stifel Nicolaus set a C$14.50 target price on Lundin Mining and gave the stock a buy rating in a report on Tuesday, March 26th. Pi Financial restated a buy rating on shares of Lundin Mining in a research report on Friday, March 1st. National Bankshares dropped their price objective on Lundin Mining from C$13.00 to C$12.50 and set an outperform rating for the company in a research report on Monday, January 15th. UBS Group increased their target price on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$14.56.

Lundin Mining Stock Up 2.6 %

LUN stock opened at C$16.05 on Thursday. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. The firm has a market capitalization of C$12.44 billion, a PE ratio of 38.21, a PEG ratio of -0.26 and a beta of 1.85. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$16.51. The business’s 50 day simple moving average is C$12.80 and its 200 day simple moving average is C$10.89.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data 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 firm had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.39 billion. As a group, research analysts anticipate that Lundin Mining will post 0.8396226 EPS for the current year.

Lundin Mining Dividend Announcement

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

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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.

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.