Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$17.72.

Several research analysts have commented on the company. Raymond James dropped their price target on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. UBS Group boosted their target price on shares of Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Royal Bank of Canada reduced their price target on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, Ventum Financial boosted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th.

Lundin Mining Price Performance

TSE LUN opened at C$12.37 on Thursday. The company has a market cap of C$9.61 billion, a P/E ratio of 44.18, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$9.85 and a 1 year high of C$17.97. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The company has a fifty day simple moving average of C$13.42 and a 200 day simple moving average of C$13.77.

Lundin Mining (TSE:LUN) last released its quarterly 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). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders 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 2.91%. Lundin Mining’s payout ratio is presently 128.57%.

Lundin Mining Company Profile

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.