Lundin Mining Co. (OTCMKTS:LUNMF – Get Rating) hit a new 52-week low during trading on Thursday after Morgan Stanley lowered their price target on the stock from SEK 94 to SEK 88. Morgan Stanley currently has an equal weight rating on the stock. Lundin Mining traded as low as $6.28 and last traded at $6.37, with a volume of 138507 shares trading hands. The stock had previously closed at $6.96.
Other research analysts have also recently issued reports about the company. Scotiabank reduced their price target on Lundin Mining from C$13.50 to C$13.00 in a research report on Friday, April 29th. National Bank Financial raised their price objective on Lundin Mining from C$13.50 to C$14.00 in a research report on Friday, May 6th. Canaccord Genuity Group raised Lundin Mining from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.50 to $14.00 in a research report on Thursday, April 28th. BMO Capital Markets assumed coverage on Lundin Mining in a research report on Monday, May 2nd. They issued an “outperform” rating for the company. Finally, Barclays raised their price objective on Lundin Mining from C$10.00 to C$12.00 in a research report on Thursday, April 21st. Thirteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.75.
The stock has a 50 day simple moving average of $8.59 and a 200 day simple moving average of $8.86. The stock has a market cap of $4.96 billion, a P/E ratio of 4.72 and a beta of 1.64.
The firm also recently declared a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Friday, June 3rd were paid a $0.0701 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a dividend yield of 3.14%. Lundin Mining’s payout ratio is 20.74%.
Lundin Mining Company Profile (OTCMKTS:LUNMF)
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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