Lundin Mining (TSE:LUN) Price Target Lowered to C$16.00 at Jefferies Financial Group

Lundin Mining (TSE:LUN) had its price objective decreased by Jefferies Financial Group from C$20.00 to C$16.00 in a research note published on Monday,BayStreet.CA reports.

A number of other equities analysts also recently commented on the stock. Raymond James reduced their price objective on shares of Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Ventum Financial increased their price target on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Royal Bank of Canada lowered their price target on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Finally, UBS Group increased their price objective on Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and an average target price of C$17.47.

Lundin Mining Price Performance

TSE LUN opened at C$12.84 on Monday. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. Lundin Mining has a 52-week low of C$9.85 and a 52-week high of C$17.97. The business has a 50 day simple moving average of C$13.33 and a 200 day simple moving average of C$13.73. The stock has a market cap of C$9.97 billion, a price-to-earnings ratio of 45.86, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%. The firm had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a yield of 2.80%. Lundin Mining’s dividend payout ratio (DPR) is currently 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.