Scotiabank Reaffirms Outperform Rating for Lundin Mining (LUN)

Scotiabank restated their outperform rating on shares of Lundin Mining (TSE:LUN) in a research note issued to investors on Friday morning. They currently have a C$9.50 target price on the mining company’s stock.

A number of other analysts have also commented on LUN. BMO Capital Markets restated an outperform rating and issued a C$10.50 price target on shares of Lundin Mining in a report on Monday, October 23rd. Berenberg Bank boosted their price target on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. Canaccord Genuity lowered Lundin Mining from a buy rating to a hold rating and cut their price target for the company from C$10.50 to C$9.00 in a report on Thursday, November 30th. National Bank Financial boosted their price target on Lundin Mining from C$9.75 to C$11.50 and gave the company a sector perform rating in a report on Thursday, November 30th. Finally, Raymond James Financial boosted their price target on Lundin Mining from C$9.00 to C$10.00 and gave the company a market perform rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of C$9.30.

Lundin Mining (LUN) opened at C$8.47 on Friday. The firm has a market capitalization of $6,160.00, a PE ratio of 13.89 and a beta of 1.39. Lundin Mining has a twelve month low of C$6.62 and a twelve month high of C$10.22.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 23rd will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, March 22nd. Lundin Mining’s dividend payout ratio is currently 11.23%.

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Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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