Lundin Mining Co. (TSE:LUN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Lundin Mining Co. (TSE:LUN) has been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$17.72.

A number of research firms have issued reports on LUN. UBS Group increased their target price on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Raymond James cut their price objective on Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Royal Bank of Canada lowered their target price 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. Finally, Ventum Financial raised their price target on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th.

Lundin Mining Stock Performance

Shares of LUN stock opened at C$12.41 on Thursday. The stock’s fifty day simple moving average is C$13.67 and its 200-day simple moving average is C$13.89. The company has a market capitalization of C$9.64 billion, a price-to-earnings ratio of 44.32, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. Lundin Mining has a 1-year low of C$9.85 and a 1-year high of C$17.97.

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

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 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.