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

Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$17.31.

Several brokerages have issued reports on LUN. Ventum Financial upped their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Jefferies Financial Group reduced their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Raymond James dropped their price target on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research report on Thursday. Scotiabank downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, UBS Group cut their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research note on Tuesday, January 7th.

Lundin Mining Price Performance

Shares of TSE LUN opened at C$12.26 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 one year low of C$9.85 and a one year high of C$17.97. The firm has a market capitalization of C$9.52 billion, a P/E ratio of 43.79, a PEG ratio of -0.26 and a beta of 1.66. The company’s fifty day moving average is C$13.05 and its two-hundred day moving average is C$13.57.

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

Lundin Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

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.