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

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Hold” by the eighteen analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$16.54.

Several equities research analysts recently issued reports on LUN shares. Pi Financial reiterated a “buy” rating on shares of Lundin Mining in a report on Friday, March 1st. BMO Capital Markets lifted their price objective on Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Eight Capital cut Lundin Mining from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from C$13.00 to C$16.00 in a report on Monday, April 22nd. Stifel Nicolaus lifted their price objective on Lundin Mining from C$16.50 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. Finally, Raymond James boosted their target price on Lundin Mining from C$15.00 to C$18.00 in a report on Thursday, May 23rd.

Lundin Mining Trading Down 0.9 %

Shares of LUN stock opened at C$14.70 on Friday. Lundin Mining has a 1-year low of C$8.18 and a 1-year high of C$17.97. The company has a market cap of C$11.41 billion, a price-to-earnings ratio of 77.37, a PEG ratio of -0.26 and a beta of 1.82. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90. The stock has a 50 day simple moving average of C$15.90 and a 200-day simple moving average of C$12.92.

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

Lundin Mining Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 2.45%. Lundin Mining’s dividend payout ratio is presently 189.47%.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction dated Tuesday, May 21st. The shares were 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 transaction of C$215,000.00. Insiders sold 26,534 shares of company stock worth $439,992 over the last 90 days. Corporate insiders own 15.70% of the company’s stock.

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.