Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Lundin Mining Co. (TSE:LUN) have earned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$16.80.

Several equities research analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Lundin Mining from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th. Ventum Financial upped their target price on Lundin Mining from C$19.00 to C$20.00 in a research report on Tuesday, May 28th. National Bankshares raised their price target on Lundin Mining from C$18.00 to C$19.50 and gave the stock an “outperform” rating in a report on Monday, June 10th. Finally, Raymond James upped their price objective on shares of Lundin Mining from C$15.00 to C$18.00 in a report on Thursday, May 23rd.

Lundin Mining Trading Up 5.9 %

Shares of TSE LUN opened at C$15.84 on Thursday. The business’s 50 day moving average price is C$15.71 and its 200-day moving average price is C$13.38. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57. The company has a market cap of C$12.29 billion, a price-to-earnings ratio of 83.37, a PEG ratio of -0.26 and a beta of 1.82. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$17.97.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The business had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. On average, sell-side analysts expect that Lundin Mining will post 0.7934045 earnings per share for the current year.

Lundin Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st were issued a dividend of $0.09 per share. The ex-dividend date was Friday, May 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.27%. Lundin Mining’s dividend payout ratio (DPR) is presently 189.47%.

Insider Activity

In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the firm’s 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 transaction of C$155,831.76. In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction that occurred 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 company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total value of C$155,831.76. Company 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.