Lundin Mining (OTCMKTS:LUNMF) PT Raised to C$14.00

Lundin Mining (OTCMKTS:LUNMFGet Rating) had its price objective hoisted by National Bank Financial from C$12.25 to C$14.00 in a research note released on Friday morning, The Fly reports.

Several other equities analysts have also issued reports on LUNMF. Deutsche Bank Aktiengesellschaft increased their target price on Lundin Mining from SEK 80 to SEK 90 and gave the stock a hold rating in a research note on Thursday, March 10th. Raymond James increased their target price on Lundin Mining from C$12.00 to C$14.00 in a research note on Tuesday, January 18th. Stifel Nicolaus increased their target price on Lundin Mining from C$13.25 to C$14.00 in a research note on Thursday, March 17th. Finally, Canaccord Genuity Group increased their target price on Lundin Mining from C$11.00 to C$12.50 in a research note on Tuesday, February 22nd. Fifteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Lundin Mining currently has an average rating of Hold and an average target price of $18.05.

LUNMF opened at $10.13 on Friday. The stock’s 50-day moving average price is $9.65 and its 200 day moving average price is $8.68. Lundin Mining has a 12-month low of $6.66 and a 12-month high of $13.11. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 9.56 and a beta of 1.68.

The firm also recently announced a dividend, which will be paid on Wednesday, April 13th. Stockholders of record on Friday, March 25th will be given a dividend of $0.1575 per share. This represents a dividend yield of 6.43%. The ex-dividend date of this dividend is Thursday, March 24th. Lundin Mining’s dividend payout ratio (DPR) is presently 59.43%.

Lundin Mining Company Profile (Get Rating)

Lundin Mining Corp. is a metal based company, engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal, and Sweden. It holds interest in the following projects: Chapada, Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.

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