Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Hold” from Brokerages

Lundin Mining Co. (TSE:LUN) has received a consensus rating of “Hold” from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$14.56.

LUN has been the topic of several recent research reports. Stifel Nicolaus set a C$14.50 price objective on Lundin Mining and gave the stock a “buy” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. increased their target price on Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a research report on Wednesday. Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a research report on Friday, March 1st. UBS Group increased their target price on Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th.

Lundin Mining Trading Down 1.3 %

Lundin Mining stock opened at C$15.84 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The stock’s 50 day simple moving average is C$12.91 and its two-hundred day simple moving average is C$10.93. The firm has a market cap of C$12.28 billion, a PE ratio of 37.71, a P/E/G ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last released its quarterly earnings data 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). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. Analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current year.

Lundin Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, March 21st. Lundin Mining’s dividend payout ratio (DPR) is 85.71%.

Insider Activity at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of Lundin Mining stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. 15.70% of the stock is currently owned by company insiders.

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.