Morgan Stanley Increases Lundin Mining (TSE:LUN) Price Target to C$16.40

Lundin Mining (TSE:LUN) had its target price increased by Morgan Stanley from C$16.30 to C$16.40 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other research firms also recently weighed in on LUN. UBS Group increased their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the company a buy rating in a research report on Tuesday, March 26th. CIBC increased their target price on shares of Lundin Mining from C$12.00 to C$15.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft downgraded shares of Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Finally, Pi Financial restated a buy rating on shares of Lundin Mining in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$14.93.

Lundin Mining Stock Up 1.8 %

Shares of TSE LUN opened at C$15.60 on Tuesday. The stock has a 50-day moving average price of C$13.36 and a two-hundred day moving average price of C$11.14. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$16.51. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15. The company has a market cap of C$12.09 billion, a price-to-earnings ratio of 37.14, a PEG ratio of -0.26 and a beta of 1.85.

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

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is currently 85.71%.

Insider Buying and Selling

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was 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 company 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.