Weekly Analysts’ Ratings Updates for Lundin Mining (LUN)

Lundin Mining (TSE: LUN) recently received a number of ratings updates from brokerages and research firms:

  • 8/12/2019 – Lundin Mining had its price target lowered by analysts at National Bank Financial from C$10.00 to C$9.00. They now have an “outperform” rating on the stock.
  • 7/26/2019 – Lundin Mining had its “market perform” rating reaffirmed by analysts at Raymond James. They now have a C$9.00 price target on the stock.
  • 7/26/2019 – Lundin Mining had its price target lowered by analysts at CIBC from C$9.50 to C$9.00.
  • 7/26/2019 – Lundin Mining had its price target lowered by analysts at JPMorgan Chase & Co. from C$9.00 to C$8.50.
  • 7/25/2019 – Lundin Mining had its price target lowered by analysts at CSFB from C$9.00 to C$8.25. They now have a “neutral” rating on the stock.
  • 7/25/2019 – Lundin Mining had its price target lowered by analysts at BMO Capital Markets from C$8.25 to C$8.00.
  • 7/23/2019 – Lundin Mining had its price target raised by analysts at Cormark from C$10.00 to C$10.50.
  • 7/22/2019 – Lundin Mining had its price target lowered by analysts at TD Securities from C$9.50 to C$9.00.
  • 7/10/2019 – Lundin Mining had its price target lowered by analysts at CSFB from C$9.75 to C$9.00.
  • 7/9/2019 – Lundin Mining had its price target raised by analysts at TD Securities from C$9.00 to C$9.50. They now have a “buy” rating on the stock.
  • 6/28/2019 – Lundin Mining had its price target lowered by analysts at National Bank Financial from C$11.00 to C$10.00. They now have an “outperform” rating on the stock.
  • 6/27/2019 – Lundin Mining had its price target lowered by analysts at BMO Capital Markets from C$8.75 to C$8.00.

LUN stock traded up C$0.31 on Tuesday, reaching C$6.20. 2,688,810 shares of the company’s stock were exchanged, compared to its average volume of 2,398,034. The company has a fifty day moving average of C$6.74. Lundin Mining Co. has a twelve month low of C$4.70 and a twelve month high of C$7.96. The company has a market cap of $4.33 billion and a price-to-earnings ratio of 56.88. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.95 and a current ratio of 2.49.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Friday, September 6th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, September 5th. Lundin Mining’s dividend payout ratio (DPR) is 82.88%.

In related news, insider Nemesia S.a.r.l. acquired 150,000 shares of Lundin Mining stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of C$5.94 per share, for a total transaction of C$890,790.00. Following the completion of the transaction, the insider now directly owns 93,822,698 shares of the company’s stock, valued at C$557,175,474.34.

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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