Lundin Mining (TSE:LUN) PT Raised to C$15.50

Lundin Mining (TSE:LUN) had its price target lifted by JPMorgan Chase & Co. from C$9.10 to C$15.50 in a research report released on Wednesday, BayStreet.CA reports. The brokerage currently has a neutral rating on the mining company’s stock.

Other research analysts have also recently issued research reports about the stock. CIBC increased their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a neutral rating in a report on Wednesday. BMO Capital Markets upgraded shares of Lundin Mining from a market perform rating to an outperform rating and increased their price target for the company from C$12.00 to C$16.00 in a research note on Wednesday, March 27th. Jefferies Financial Group increased their price target on shares of Lundin Mining from C$18.00 to C$20.00 and gave the company a buy rating in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. Finally, Canaccord Genuity Group increased their price target on shares of Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$14.56.

Lundin Mining Stock Down 1.3 %

Shares of LUN stock opened at C$15.84 on Wednesday. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51. The firm has a fifty day moving average of C$12.91 and a 200-day moving average of C$10.93. The company has a market capitalization of C$12.28 billion, a price-to-earnings ratio of 37.71, a P/E/G ratio of -0.26 and a beta of 1.85. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The business had revenue of C$1.44 billion for the quarter, compared to analyst estimates of C$1.39 billion. As a group, equities research analysts predict that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is 85.71%.

Insider Buying and Selling

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is owned by insiders.

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.