Lundin Mining (TSE:LUN) PT Lowered to C$13.30

Lundin Mining (TSE:LUN) had its target price trimmed by Morgan Stanley from C$13.70 to C$13.30 in a research report released on Tuesday morning, Price reports. The brokerage currently has an equal weight rating on the mining company’s stock.

A number of other equities analysts have also issued reports on LUN. Deutsche Bank Aktiengesellschaft upped their target price on shares of Lundin Mining from C$15.60 to C$16.00 and gave the stock a strong-buy rating in a research report on Monday, April 12th. Royal Bank of Canada reiterated a sector perform rating and set a C$18.00 target price on shares of Lundin Mining in a research report on Thursday, April 29th. The Goldman Sachs Group upped their target price on shares of Lundin Mining from C$17.00 to C$20.00 and gave the stock an underperform rating in a research report on Wednesday, April 14th. National Bankshares restated an outperform rating and issued a C$13.75 price objective on shares of Lundin Mining in a report on Thursday, March 18th. Finally, Haywood Securities increased their price objective on shares of Lundin Mining from C$17.00 to C$19.00 and gave the company a buy rating in a report on Thursday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$15.49.

Shares of Lundin Mining stock opened at C$14.18 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.14 and a debt-to-equity ratio of 4.11. The stock has a market capitalization of C$10.47 billion and a price-to-earnings ratio of 20.88. Lundin Mining has a 1-year low of C$5.82 and a 1-year high of C$16.07. The firm’s 50-day moving average price is C$14.43 and its two-hundred day moving average price is C$12.26.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Thursday, February 18th. The mining company reported C$0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.14 by C$0.06. The firm had revenue of C$690.15 million for the quarter. As a group, equities research analysts predict that Lundin Mining will post 0.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Friday, June 4th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, June 3rd. Lundin Mining’s dividend payout ratio is 20.29%.

In related news, Senior Officer Marie Inkster sold 24,700 shares of the firm’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of C$15.10, for a total value of C$372,970.00. Following the completion of the transaction, the insider now owns 470,489 shares of the company’s stock, valued at C$7,104,383.90. Also, Senior Officer Annie Laurenson sold 8,334 shares of the firm’s stock in a transaction on Friday, April 30th. The shares were sold at an average price of C$15.17, for a total transaction of C$126,426.78. Insiders have sold 45,935 shares of company stock valued at $687,751 in the last three months.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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