Lundin Mining Co. (TSE:LUN) Receives Consensus Rating of “Hold” from Brokerages

Lundin Mining Co. (TSE:LUN) has been given a consensus rating of “Hold” by the seventeen analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$16.80.

A number of brokerages have weighed in on LUN. Eight Capital cut shares of Lundin Mining from a “buy” rating to a “neutral” rating and lifted their price target for the company from C$13.00 to C$16.00 in a research report on Monday, April 22nd. Stifel Nicolaus boosted their target price on 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. BMO Capital Markets raised their price target on Lundin Mining from C$16.50 to C$19.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Scotiabank boosted their price objective on Lundin Mining from C$14.50 to C$18.00 in a report on Thursday, May 30th. Finally, UBS Group raised their target price on Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th.

Insider Activity

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the 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 value of C$155,831.76. In other Lundin Mining news, Senior Officer Annie Laurenson sold 12,500 shares of the 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 transaction of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of Lundin Mining stock in a transaction 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. Company insiders own 15.70% of the company’s stock.

Lundin Mining Stock Up 5.9 %

LUN stock opened at C$15.84 on Thursday. The company has a market cap of C$12.29 billion, a price-to-earnings ratio of 83.37, a PEG ratio of -0.26 and a beta of 1.82. The firm has a 50-day moving average of C$15.71 and a two-hundred day moving average of C$13.38. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. The company has a current ratio of 1.57, a quick ratio of 0.90 and a debt-to-equity ratio of 25.05.

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

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, May 31st. Lundin Mining’s payout ratio is 189.47%.

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.