Lundin Mining (TSE:LUN – Free Report) had its target price boosted by JPMorgan Chase & Co. from C$15.70 to C$18.80 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
LUN has been the topic of several other research reports. Eight Capital lowered Lundin Mining from a buy rating to a neutral rating and raised their price target for the company from C$13.00 to C$16.00 in a research note on Monday, April 22nd. CIBC raised their price target on Lundin Mining from C$15.00 to C$16.00 and gave the company a neutral rating in a research note on Thursday, June 20th. Deutsche Bank Aktiengesellschaft lowered Lundin Mining from a buy rating to a hold rating in a research note on Tuesday, April 9th. BMO Capital Markets raised their price target on Lundin Mining from C$16.50 to C$19.50 and gave the company an outperform rating in a research note on Tuesday, May 21st. Finally, National Bankshares raised their price target on Lundin Mining from C$18.00 to C$19.50 and gave the company an outperform rating in a research note on Monday, June 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Lundin Mining presently has an average rating of Hold and an average target price of C$16.80.
Get Our Latest Stock Report on Lundin Mining
Lundin Mining Stock Up 5.9 %
Lundin Mining (TSE:LUN – Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The company had revenue of C$1.26 billion for the quarter, compared to analysts’ expectations of C$1.27 billion. As a group, equities analysts predict that Lundin Mining will post 0.7934045 EPS for the current fiscal year.
Lundin Mining Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Friday, May 31st. Lundin Mining’s dividend payout ratio is currently 189.47%.
Insider Activity at Lundin Mining
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 stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. In other 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 value 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 shares were 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.
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.
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