CIBC reiterated their outperform rating on shares of Lundin Mining Co. (TSE:LUN) in a report released on Friday, September 15th. They currently have a C$12.00 target price on the mining company’s stock.
A number of other equities research analysts have also issued reports on the company. Berenberg Bank raised their price target on Lundin Mining from C$8.00 to C$9.00 and gave the stock a buy rating in a research note on Friday, May 19th. Eight Capital reissued a buy rating on shares of Lundin Mining in a research note on Thursday, August 17th. National Bank Financial decreased their price target on Lundin Mining from C$10.50 to C$9.50 and set an outperform rating for the company in a research note on Monday, July 24th. BMO Capital Markets assumed coverage on Lundin Mining in a research note on Friday, June 2nd. They set an outperform rating and a C$10.50 price target for the company. Finally, Scotiabank reissued a focus stock rating and set a C$9.25 price target on shares of Lundin Mining in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Lundin Mining currently has a consensus rating of Buy and a consensus target price of C$9.34.
Lundin Mining (LUN) opened at 8.79 on Friday. Lundin Mining has a 12-month low of $4.97 and a 12-month high of $9.90. The firm has a market capitalization of $6.39 billion and a P/E ratio of 20.30. The firm has a 50 day moving average of $9.14 and a 200 day moving average of $7.92.
Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, July 26th. The mining company reported C$0.09 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.03. The firm had revenue of C$611.61 million during the quarter. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. On average, analysts forecast that Lundin Mining will post $0.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, September 8th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Thursday, September 7th.
About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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