Lundin Mining (TSE:LUN) PT Lowered to C$16.50 at BMO Capital Markets

Lundin Mining (TSE:LUN) had its price target decreased by BMO Capital Markets from C$17.00 to C$16.50 in a research report released on Thursday, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on LUN. Bank of America raised their price target on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their target price on Lundin Mining from C$9.10 to C$15.50 and gave the stock a neutral rating in a report on Wednesday, April 17th. Canaccord Genuity Group upped their price target on Lundin Mining from C$11.00 to C$16.50 in a report on Wednesday, April 17th. Jefferies Financial Group lifted their price objective on Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of C$15.23.

Lundin Mining Trading Up 0.8 %

Lundin Mining stock opened at C$15.15 on Thursday. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The company has a market capitalization of C$11.74 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The business’s fifty day simple moving average is C$13.89 and its two-hundred day simple moving average is C$11.43. 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 (TSE:LUN) 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 analysts’ consensus estimates of C$0.10 by C($0.02). The firm had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. As a group, equities analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be given a dividend of $0.09 per share. The ex-dividend date is Friday, May 31st. This represents a $0.36 annualized dividend and a dividend yield of 2.38%. Lundin Mining’s payout ratio is 85.71%.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s 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. 15.70% of the stock is currently owned by insiders.

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.