Lundin Mining Co. (TSE:LUN) Receives C$17.98 Consensus Target Price from Analysts

Lundin Mining Co. (TSE:LUN) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$17.98.

A number of equities analysts have recently weighed in on the company. Ventum Financial boosted their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Royal Bank of Canada dropped their price objective on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upgraded Lundin Mining from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from C$18.20 to C$17.30 in a research note on Tuesday, August 20th. CIBC upped their price objective on Lundin Mining from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group lowered their target price on shares of Lundin Mining from C$17.50 to C$16.50 in a report on Monday, July 22nd.

Lundin Mining Stock Performance

Shares of LUN opened at C$13.45 on Wednesday. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The stock has a 50 day moving average price of C$13.61 and a two-hundred day moving average price of C$14.50. The firm has a market capitalization of C$10.45 billion, a P/E ratio of 47.86, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$8.32 and a 52 week high of C$17.97.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). The company had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.68%. Lundin Mining’s payout ratio is currently 128.57%.

Insider Transactions at Lundin Mining

In other news, Director Jack Oliver Lundin bought 65,000 shares of Lundin Mining stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of C$12.55 per share, with a total value of C$815,854.00. 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.