Lundin Mining Co. (TSE:LUN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$17.72.

A number of brokerages have weighed in on LUN. Royal Bank of Canada lowered their price objective on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Raymond James dropped their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. UBS Group upped their price target on shares of Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Finally, Ventum Financial raised their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th.

Lundin Mining Stock Performance

Shares of TSE:LUN opened at C$12.41 on Thursday. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 12 month low of C$9.85 and a 12 month high of C$17.97. The firm has a market capitalization of C$9.64 billion, a PE ratio of 44.32, a P/E/G ratio of -0.26 and a beta of 1.66. The business has a 50-day moving average of C$13.67 and a two-hundred day moving average of C$13.89.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.49 billion.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s dividend payout ratio is presently 128.57%.

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.