Lundin Mining (OTCMKTS:LUNMF – Get Rating) had its price objective lowered by Deutsche Bank Aktiengesellschaft from SEK 90 to SEK 85 in a research report released on Friday, The Fly reports. The brokerage currently has a hold rating on the basic materials company’s stock.
LUNMF has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on shares of Lundin Mining from SEK 112 to SEK 110 and set an overweight rating for the company in a research note on Thursday, April 21st. Scotiabank lowered their target price on shares of Lundin Mining from C$13.50 to C$13.00 in a research note on Friday. Stifel Nicolaus raised shares of Lundin Mining from a hold rating to a buy rating in a research note on Friday. Canaccord Genuity Group raised shares of Lundin Mining from a hold rating to a buy rating and lifted their target price for the stock from $13.50 to $14.00 in a research note on Thursday. Finally, Raymond James lifted their target price on shares of Lundin Mining from C$15.00 to C$16.00 in a research note on Wednesday, April 20th. Fourteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $23.28.
LUNMF stock opened at $9.10 on Friday. The company has a fifty day moving average price of $9.92 and a 200-day moving average price of $8.92. The company has a market capitalization of $6.72 billion, a P/E ratio of 6.97 and a beta of 1.68. Lundin Mining has a 52-week low of $6.66 and a 52-week high of $12.98.
The firm also recently disclosed a dividend, which was paid on Wednesday, April 13th. Stockholders of record on Friday, March 25th were issued a dividend of $0.1575 per share. This represents a dividend yield of 6.43%. The ex-dividend date of this dividend was Thursday, March 24th. Lundin Mining’s dividend payout ratio is currently 46.67%.
Lundin Mining Company Profile (Get Rating)
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. 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 Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
- Get a free copy of the StockNews.com research report on Lundin Mining (LUNMF)
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