Lundin Mining (TSE:LUN) PT Raised to C$15.00

Lundin Mining (TSE:LUN) had its price objective increased by CIBC from C$12.00 to C$15.00 in a research note published on Wednesday morning, BayStreet.CA reports. CIBC currently has a neutral rating on the mining company’s stock.

LUN has been the topic of several other reports. Morgan Stanley increased their price objective on Lundin Mining from C$12.60 to C$16.40 and gave the company an overweight rating in a research note on Thursday, March 28th. BMO Capital Markets upgraded Lundin Mining from a market perform rating to an outperform rating and raised their price target for the company from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. Bank of America raised their price target on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on Lundin Mining from C$8.90 to C$8.40 in a research note on Friday, January 19th. Finally, Pi Financial restated a buy rating on shares of Lundin Mining in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Lundin Mining has an average rating of Hold and a consensus price target of C$14.56.

Lundin Mining Stock Down 1.3 %

Shares of TSE LUN opened at C$15.84 on Wednesday. The stock has a market cap of C$12.28 billion, a P/E ratio of 37.71, a PEG ratio of -0.26 and a beta of 1.85. 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 business’s fifty day simple moving average is C$12.91 and its 200-day simple moving average is C$10.93.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The company had revenue of C$1.44 billion during the quarter, compared to analyst estimates of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, equities analysts predict that Lundin Mining will post 0.8396226 EPS for the current fiscal year.

Lundin Mining Dividend Announcement

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

Insider Transactions 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 transaction of C$69,160.00. Insiders own 15.70% of the company’s stock.

About Lundin Mining

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.