Lundin Mining (TSE:LUN) Price Target Raised to C$18.50

Lundin Mining (TSE:LUN) had its target price lifted by Scotiabank from C$18.00 to C$18.50 in a research note published on Monday, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the mining company’s stock.

LUN has been the subject of a number of other reports. UBS Group lifted their price target on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Bank of America lifted 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 price target on shares of Lundin Mining from C$15.70 to C$18.80 in a research report on Wednesday, July 3rd. National Bankshares reduced their price target on shares of Lundin Mining from C$19.50 to C$18.50 and set an outperform rating for the company in a research report on Monday. Finally, BMO Capital Markets lifted their price target on shares of Lundin Mining from C$16.50 to C$19.50 and gave the company an outperform rating in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of Hold and a consensus price target of C$17.54.

Lundin Mining Price Performance

Shares of TSE:LUN opened at C$15.01 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. The company has a market cap of C$11.65 billion, a P/E ratio of 79.00, a PEG ratio of -0.26 and a beta of 1.82. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. The company has a 50-day moving average price of C$15.71 and a 200 day moving average price of C$13.72.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 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 analyst estimates of C$1.27 billion. Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. Research analysts predict that Lundin Mining will post 0.7934045 earnings per share for the current year.

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.36 annualized dividend and a yield of 2.40%. Lundin Mining’s payout ratio is currently 189.47%.

Insiders Place Their Bets

In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. In other news, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total transaction of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. 15.70% of the stock is owned by corporate insiders.

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.