Lundin Mining (TSE:LUN – Free Report) had its price objective raised by Jefferies Financial Group from C$18.00 to C$20.00 in a research note released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the mining company’s stock.
Several other equities research analysts have also recently issued reports on LUN. Pi Financial reissued a buy rating on shares of Lundin Mining in a research report on Friday, March 1st. Bank of America raised their target price on shares of Lundin Mining from C$12.50 to C$18.50 in a research report on Tuesday, April 9th. UBS Group raised their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft cut shares of Lundin Mining from a buy rating to a hold rating in a research report on Tuesday, April 9th. Finally, Stifel Nicolaus set a C$14.50 target price on shares of Lundin Mining and gave the stock a buy rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of C$13.60.
Get Our Latest Stock Report on LUN
Lundin Mining Stock Performance
Lundin Mining (TSE:LUN – Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. On average, equities analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current year.
Lundin Mining Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.34%. Lundin Mining’s payout ratio is currently 85.71%.
Insider Transactions at Lundin Mining
In other news, Senior Officer Annie Laurenson sold 5,200 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total transaction of C$69,160.00. Corporate insiders own 15.70% of the company’s stock.
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.
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