Lundin Mining (OTCMKTS:LUNMF) PT Raised to C$15.00 at TD Securities

Lundin Mining (OTCMKTS:LUNMFGet Rating) had its target price boosted by TD Securities from C$12.50 to C$15.00 in a report published on Friday morning, The Fly reports.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lundin Mining from SEK 80 to SEK 90 and gave the stock a hold rating in a research report on Thursday, March 10th. Raymond James upped their target price on shares of Lundin Mining from C$15.00 to C$16.00 in a research report on Wednesday, April 20th. Scotiabank upped their target price on shares of Lundin Mining from C$12.00 to C$13.50 in a research report on Wednesday, April 13th. Canaccord Genuity Group upgraded shares of Lundin Mining from a hold rating to a buy rating and upped their target price for the stock from $13.50 to $14.00 in a research report on Thursday. Finally, National Bank Financial upped their target price on shares of Lundin Mining from C$12.25 to C$14.00 in a research report on Friday, April 8th. Fourteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $23.28.

OTCMKTS:LUNMF opened at $9.10 on Friday. The firm has a market cap of $6.72 billion, a PE ratio of 6.97 and a beta of 1.68. Lundin Mining has a 12 month low of $6.66 and a 12 month high of $12.98. The company’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $8.92.

Lundin Mining (OTCMKTS:LUNMFGet Rating) last released its quarterly earnings results on Thursday, February 17th. The basic materials company reported $0.38 EPS for the quarter. The firm had revenue of $1.02 billion for the quarter. Lundin Mining had a net margin of 27.68% and a return on equity of 19.98%. Analysts expect that Lundin Mining will post 1.4 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Wednesday, April 13th. Shareholders of record on Friday, March 25th were paid a $0.1575 dividend. This represents a yield of 6.43%. The ex-dividend date of this dividend was Thursday, March 24th. Lundin Mining’s payout ratio is presently 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.

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