Lundin Mining (TSE:LUN) Given New C$20.70 Price Target at Morgan Stanley

Lundin Mining (TSE:LUN) had its price target increased by Morgan Stanley from C$20.00 to C$20.70 in a research note released on Friday morning, BayStreet.CA reports.

LUN has been the topic of a number of other research reports. Ventum Financial boosted their price objective on Lundin Mining from C$19.00 to C$20.00 in a research report on Tuesday, May 28th. Stifel Nicolaus lifted their target price on Lundin Mining from C$16.50 to C$18.00 and gave the stock a buy rating in a report on Thursday, May 30th. UBS Group lifted their target price on Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. National Bankshares lifted their target price on Lundin Mining from C$18.00 to C$19.50 and gave the stock an outperform rating in a report on Monday, June 10th. Finally, Canaccord Genuity Group lifted their target price on Lundin Mining from C$16.50 to C$17.50 and gave the stock a hold rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining currently has a consensus rating of Hold and an average target price of C$16.63.

Lundin Mining Trading Down 3.1 %

Shares of LUN opened at C$14.47 on Friday. Lundin Mining has a 52-week low of C$8.18 and a 52-week high of C$17.97. The business’s fifty day moving average is C$15.77 and its 200-day moving average is C$13.07. The company has a debt-to-equity ratio of 25.05, a quick ratio of 0.90 and a current ratio of 1.57. The firm has a market cap of C$11.23 billion, a price-to-earnings ratio of 76.16, a PEG ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). The firm had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. Equities analysts anticipate that Lundin Mining will post 0.7934045 EPS for the current fiscal year.

Lundin Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Friday, May 31st. Lundin Mining’s dividend payout ratio (DPR) is currently 189.47%.

Insider Buying and Selling

In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total value of C$215,000.00. 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.