Insider Selling: Lundin Mining Co. (LUN) Insider Sells 120,000 Shares of Stock

Lundin Mining Co. (TSE:LUN) insider Stephen Trelawney Gatley sold 120,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$8.47, for a total transaction of C$1,016,400.00.

Shares of Lundin Mining stock traded down C$0.20 during mid-day trading on Thursday, hitting C$8.86. 3,340,715 shares of the stock were exchanged, compared to its average volume of 2,715,261. Lundin Mining Co. has a fifty-two week low of C$6.62 and a fifty-two week high of C$10.22. The stock has a market cap of $6,460.00, a P/E ratio of 13.42 and a beta of 1.40.

Lundin Mining (TSE:LUN) last issued its earnings results on Thursday, February 15th. The mining company reported C$0.23 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.17 by C$0.06. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%. The business had revenue of C$677.33 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Friday, March 23rd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, March 22nd. Lundin Mining’s dividend payout ratio is presently 13.92%.

A number of equities analysts have weighed in on LUN shares. Handelsbanken downgraded shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their price target on shares of Lundin Mining from C$9.50 to C$10.00 in a research note on Monday, December 18th. Morgan Stanley cut their price target on shares of Lundin Mining from C$7.20 to C$6.10 in a research note on Tuesday, December 5th. CSFB increased their price target on shares of Lundin Mining from C$8.75 to C$11.50 and gave the stock a “neutral” rating in a research note on Monday, December 4th. Finally, CIBC downgraded shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of C$9.30.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Lundin Mining Co. (LUN) Insider Sells 120,000 Shares of Stock” was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://baseballnewssource.com/2018/03/22/lundin-mining-co-lun-insider-stephen-trelawney-gatley-sells-120000-shares/1928171.html.

Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.

 




Latest News

Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old
Major League Baseball is Back and Astros Favored to Repeat
Major League Baseball is Back and Astros Favored to Repeat


Leave a Reply

 
© 2006-2018 BBNS.