Lundin Mining Co. (TSE:LUN) Director Catherine Jean Garrett Stefan Acquires 5,600 Shares

Lundin Mining Co. (TSE:LUN) Director Catherine Jean Garrett Stefan bought 5,600 shares of Lundin Mining stock in a transaction on Friday, September 17th. The shares were purchased at an average cost of C$8.91 per share, for a total transaction of C$49,896.00. Following the acquisition, the director now owns 62,000 shares in the company, valued at C$552,420.

Shares of Lundin Mining stock opened at C$8.82 on Tuesday. The firm has a market cap of C$6.50 billion and a PE ratio of 8.27. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.78 and a quick ratio of 1.37. The stock has a fifty day moving average price of C$10.58 and a 200-day moving average price of C$12.41. Lundin Mining Co. has a 1 year low of C$6.68 and a 1 year high of C$16.07.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Friday, September 3rd were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Thursday, September 2nd. This is a boost from Lundin Mining’s previous quarterly dividend of $0.06. Lundin Mining’s dividend payout ratio is currently 14.88%.

A number of brokerages recently issued reports on LUN. Haywood Securities decreased their target price on shares of Lundin Mining from C$16.00 to C$15.00 in a research report on Monday, August 2nd. Credit Suisse Group reduced their price objective on shares of Lundin Mining to C$11.25 and set a “neutral” rating for the company in a research note on Wednesday, August 25th. Scotiabank reduced their price objective on shares of Lundin Mining from C$13.00 to C$12.50 in a research note on Tuesday, September 14th. TD Securities dropped their price objective on Lundin Mining from C$13.00 to C$12.50 and set a “hold” rating on the stock in a report on Friday, July 30th. Finally, Barclays upgraded Lundin Mining from an “underweight” rating to an “equal weight” rating in a report on Thursday, July 8th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$13.81.

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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