Lundin Mining Co. (TSE:LUN) has received an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$9.60.
Several equities analysts have recently commented on LUN shares. Handelsbanken lowered shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a research report on Monday, January 22nd. BMO Capital Markets upped their price target on shares of Lundin Mining from C$9.50 to C$10.00 in a research report on Monday, December 18th. Morgan Stanley lowered their price target on shares of Lundin Mining from C$7.20 to C$6.10 in a research report on Tuesday, December 5th. CSFB upped their price target on shares of Lundin Mining from C$8.75 to C$11.50 and gave the stock a “neutral” rating in a research report on Monday, December 4th. Finally, CIBC lowered shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a research report on Monday, January 22nd.
Lundin Mining (TSE:LUN) traded down C$0.25 during mid-day trading on Friday, reaching C$8.81. 1,351,799 shares of the company’s stock traded hands, compared to its average volume of 2,679,217. Lundin Mining has a 12-month low of C$6.62 and a 12-month high of C$10.22. The company has a market capitalization of $6,460.00, a price-to-earnings ratio of 13.68 and a beta of 1.40.
Lundin Mining (TSE:LUN) last released its earnings results on Thursday, February 15th. The mining company reported C$0.23 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.06. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%. The firm had revenue of C$677.33 million during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Friday, March 23rd will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 22nd. Lundin Mining’s payout ratio is currently 13.92%.
In related news, insider Neil Patrick Matthew O’brien sold 55,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of C$8.42, for a total value of C$463,100.00. Also, insider Stephen Trelawney Gatley sold 120,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$8.47, for a total transaction of C$1,016,400.00.
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Lundin Mining Company Profile
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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