Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$14.56

Lundin Mining Co. (TSE:LUN) has been assigned an average rating of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a 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$14.81.

A number of research analysts have recently issued reports on LUN shares. JPMorgan Chase & Co. raised their price target on shares of Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Bank of America raised their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a report on Tuesday, April 9th. National Bankshares decreased their target price on Lundin Mining from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Monday, January 15th. Jefferies Financial Group increased their price target on Lundin Mining from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Raymond James boosted their price objective on Lundin Mining from C$11.50 to C$13.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th.

Insider Activity at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction 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. Company insiders own 15.70% of the company’s stock.

Lundin Mining Trading Down 0.3 %

Shares of TSE LUN opened at C$15.79 on Friday. 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 stock’s 50 day moving average price is C$13.10 and its two-hundred day moving average price is C$11.04. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$16.51. The stock has a market capitalization of C$12.24 billion, a P/E ratio of 37.60, a PEG ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last posted 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). 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 for the quarter, compared to analyst estimates of C$1.39 billion. On average, analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.28%. Lundin Mining’s dividend payout ratio is currently 85.71%.

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.