Stifel Nicolaus Issues Pessimistic Forecast for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN) had its price objective lowered by Stifel Nicolaus from C$17.50 to C$16.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the mining company’s stock.

A number of other equities research analysts have also issued reports on the stock. Ventum Financial upped their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Jefferies Financial Group dropped their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Raymond James decreased 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. Finally, UBS Group dropped their price target on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$17.19.

Lundin Mining Stock Performance

Shares of TSE:LUN opened at C$11.48 on Thursday. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 12 month low of C$10.56 and a 12 month high of C$17.97. The firm has a market capitalization of C$8.92 billion, a PE ratio of 41.00, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a 50-day moving average of C$12.71 and a two-hundred day moving average of C$13.31.

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

Lundin Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.14%. Lundin Mining’s payout ratio 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.