Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus rating of “Buy” by the thirteen ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$9.62.
Several equities analysts have recently commented on LUN shares. National Bank Financial boosted their price objective on Lundin Mining from C$9.00 to C$9.25 and gave the company an “outperform” rating in a research report on Monday, February 25th. Morgan Stanley lowered their price objective on Lundin Mining from C$8.70 to C$8.60 and set a “buy” rating on the stock in a research report on Tuesday, March 26th. Raymond James boosted their price objective on Lundin Mining from C$8.00 to C$8.50 in a research report on Monday, April 8th. Goldman Sachs Group restated a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, February 19th. Finally, CIBC boosted their price objective on Lundin Mining from C$9.00 to C$9.50 in a research report on Tuesday, April 23rd.
In other news, Senior Officer Marie Inkster sold 134,000 shares of Lundin Mining stock in a transaction dated Monday, April 29th. The stock was sold at an average price of C$7.35, for a total value of C$984,900.00. Following the sale, the insider now directly owns 244,760 shares of the company’s stock, valued at C$1,798,986.
Shares of LUN stock traded down C$0.26 on Thursday, reaching C$6.29. The stock had a trading volume of 1,533,700 shares, compared to its average volume of 2,561,942. The company has a market cap of $4.63 billion and a P/E ratio of 27.71. Lundin Mining has a 1 year low of C$4.70 and a 1 year high of C$8.96. The company has a debt-to-equity ratio of 1.79, a current ratio of 3.03 and a quick ratio of 2.42.
Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Thursday, February 14th. The mining company reported C$0.05 EPS for the quarter. The business had revenue of C$538.89 million during the quarter, compared to analysts’ expectations of C$555.90 million. As a group, analysts expect that Lundin Mining will post 0.660000004183835 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be issued a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.91%. Lundin Mining’s dividend payout ratio (DPR) is 40.28%.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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