Brokerages Set Lundin Mining Co. (LUN) PT at $9.60

Lundin Mining Co. (TSE:LUN) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$9.60.

LUN has been the subject of several research analyst reports. Berenberg Bank boosted their target price on Lundin Mining from C$7.50 to C$9.00 in a research note on Thursday, February 8th. CIBC downgraded Lundin Mining from an “outperform” rating to a “neutral” rating in a research note on Monday, January 22nd. Scotiabank reissued an “outperform” rating and set a C$9.50 target price on shares of Lundin Mining in a research note on Friday, February 16th. Handelsbanken downgraded Lundin Mining from an “accumulate” rating to a “reduce” rating in a research note on Monday, January 22nd. Finally, National Bank Financial upped their price objective on Lundin Mining from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Friday, February 16th.

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In related news, insider Neil Patrick Matthew O’brien sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$8.42, for a total value of C$463,100.00. Also, insider Stephen Trelawney Gatley sold 120,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$8.47, for a total value of C$1,016,400.00.

LUN opened at C$8.02 on Wednesday. Lundin Mining has a twelve month low of C$6.62 and a twelve month high of C$10.22.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.06. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%. The business had revenue of C$677.33 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Friday, March 23rd were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 22nd.

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Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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