Lundin Mining Co. (TSE:LUN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$17.31.

Several research analysts have commented on the stock. Raymond James dropped their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a report on Thursday, January 16th. Ventum Financial increased their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. UBS Group lowered their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Jefferies Financial Group lowered their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th.

Lundin Mining Trading Up 1.6 %

Shares of Lundin Mining stock opened at C$12.42 on Monday. The company has a market capitalization of C$9.65 billion, a P/E ratio of 44.36, a P/E/G ratio of -0.26 and a beta of 1.66. 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 company has a fifty day moving average of C$12.95 and a 200 day moving average of C$13.48. Lundin Mining has a fifty-two week low of C$10.56 and a fifty-two week high of C$17.97.

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

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is 128.57%.

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.