Lundin Mining (TSE:LUN – Free Report) had its price objective increased by JPMorgan Chase & Co. from C$9.10 to C$15.50 in a report released on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the mining company’s stock.
Other analysts have also recently issued reports about the company. Stifel Nicolaus set a C$14.50 price objective on Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. Canaccord Genuity Group boosted their price objective on Lundin Mining from C$11.00 to C$16.50 in a research report on Wednesday. BMO Capital Markets upgraded Lundin Mining from a market perform rating to an outperform rating and boosted their price objective for the company from C$12.00 to C$16.00 in a research report on Wednesday, March 27th. CIBC boosted their price objective on Lundin Mining from C$12.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday. Finally, Pi Financial restated a buy rating on shares of Lundin Mining in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of C$14.48.
Read Our Latest Stock Report on Lundin Mining
Lundin Mining Stock Performance
Lundin Mining (TSE:LUN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The business had revenue of C$1.44 billion during the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, equities analysts expect that Lundin Mining will post 0.8396226 EPS for the current year.
Lundin Mining Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is currently 85.71%.
Insiders Place Their Bets
In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. Insiders own 15.70% of the company’s stock.
Lundin Mining Company Profile
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.
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