Lundin Mining Co. (TSE:LUN) Given Average Rating of “Hold” by Analysts

Lundin Mining Co. (TSE:LUNGet Free Report) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$16.17.

A number of equities research analysts recently weighed in on LUN shares. JPMorgan Chase & Co. lifted their price objective on shares of Lundin Mining from C$9.10 to C$15.50 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Canaccord Genuity Group lifted their price target on Lundin Mining from C$16.50 to C$17.50 and gave the stock a “hold” rating in a research note on Monday, May 13th. Jefferies Financial Group lifted their target price on Lundin Mining from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Pi Financial reissued a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. Finally, Royal Bank of Canada boosted their price target on Lundin Mining from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd.

Check Out Our Latest Stock Analysis on Lundin Mining

Lundin Mining Stock Down 3.6 %

LUN stock opened at C$15.18 on Friday. Lundin Mining has a twelve month low of C$8.18 and a twelve month high of C$17.97. The company has a current ratio of 1.57, a quick ratio of 0.90 and a debt-to-equity ratio of 25.05. The company has a market capitalization of C$11.78 billion, a P/E ratio of 79.89, a PEG ratio of -0.26 and a beta of 1.82. The firm has a 50 day simple moving average of C$15.90 and a 200-day simple moving average of C$12.72.

Lundin Mining (TSE:LUNGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The firm had revenue of C$1.26 billion for the quarter, compared to analyst estimates of C$1.27 billion. On average, equities research analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, May 31st. Lundin Mining’s payout ratio is 189.47%.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total value of C$215,000.00. Over the last quarter, insiders have sold 26,534 shares of company stock valued at $439,992. 15.70% of the stock is currently owned by company insiders.

About Lundin Mining

(Get Free Report

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.

Further Reading

Analyst Recommendations for Lundin Mining (TSE:LUN)

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