Lundin Mining (TSE:LUN) Trading 5.2% Higher

Shares of Lundin Mining Co. (TSE:LUN) traded up 5.2% during trading on Friday . The stock traded as high as C$15.73 and last traded at C$15.68. 190,249 shares changed hands during trading, a decline of 92% from the average session volume of 2,421,802 shares. The stock had previously closed at C$14.91.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Lundin Mining from C$16.50 to C$18.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Lundin Mining from C$9.10 to C$15.50 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. CIBC raised their target price on shares of Lundin Mining from C$15.00 to C$16.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Haywood Securities lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, May 17th. Finally, Scotiabank raised their target price on shares of Lundin Mining from C$14.50 to C$18.00 in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$16.63.

Lundin Mining Stock Up 2.1 %

The business’s 50-day simple moving average is C$15.71 and its 200 day simple moving average is C$13.28. The company has a current ratio of 1.57, a quick ratio of 0.90 and a debt-to-equity ratio of 25.05. The firm has a market cap of C$11.82 billion, a PE ratio of 80.16, a P/E/G 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 (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.02). Lundin Mining had a return on equity of 3.49% and a net margin of 3.04%. The firm had revenue of C$1.26 billion during the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, equities research analysts expect that Lundin Mining Co. will post 0.7934045 earnings per share for the current year.

Lundin Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, May 31st. Lundin Mining’s payout ratio is currently 189.47%.

Insider Transactions at Lundin Mining

In related news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. In related news, Senior Officer Annie Laurenson sold 12,500 shares of Lundin Mining stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Insiders own 15.70% of the company’s stock.

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.