Lundin Mining (TSE:LUN) had its price objective cut by CSFB from C$9.75 to C$9.00 in a report released on Wednesday, BayStreet.CA reports.
Several other analysts have also issued reports on LUN. Raymond James set a $33.00 price target on shares of LKQ and gave the stock a buy rating in a research report on Friday, April 26th. Eight Capital dropped their price target on shares of Yamana Gold from C$4.75 to C$4.50 in a research report on Tuesday, April 16th. Haywood Securities upped their price target on shares of Lundin Mining from C$9.00 to C$10.00 and gave the stock a buy rating in a research report on Monday, April 29th. Royal Bank of Canada began coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They set a sector perform rating on the stock. Finally, TD Securities upped their price target on shares of Lundin Mining from C$9.00 to C$9.50 and gave the stock a buy rating in a research report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$9.24.
Shares of LUN stock opened at C$7.02 on Wednesday. The stock has a fifty day simple moving average of C$6.69. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.42 and a current ratio of 3.03. The company has a market capitalization of $5.16 billion and a price-to-earnings ratio of 30.93. Lundin Mining has a 12 month low of C$4.70 and a 12 month high of C$7.96.
Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, April 24th. The mining company reported C$0.09 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.09. The business had revenue of C$553.63 million during the quarter. As a group, equities analysts predict that Lundin Mining will post 0.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, May 30th. Lundin Mining’s payout ratio is presently 40.28%.
In other news, Senior Officer Marie Inkster sold 134,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of C$7.35, for a total value of C$984,900.00. Following the transaction, the insider now directly owns 244,760 shares of the company’s stock, valued at C$1,798,986.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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