Lundin Mining Co. (TSE:LUN) Given Consensus Rating of “Buy” by Analysts

Lundin Mining Co. (TSE:LUN) has been given a consensus recommendation of “Buy” by the fourteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$8.45.

LUN has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on Lundin Mining from C$7.10 to C$8.30 in a report on Tuesday, June 9th. Eight Capital reduced their price target on Lundin Mining from C$10.50 to C$10.00 in a report on Tuesday, April 21st. CSFB reduced their price target on Lundin Mining from C$8.00 to C$7.00 in a report on Wednesday, April 22nd. CIBC reduced their price target on Lundin Mining from C$11.00 to C$8.00 in a report on Wednesday, April 1st. Finally, TD Securities lifted their price target on Lundin Mining from C$7.00 to C$8.50 and gave the stock a “buy” rating in a report on Thursday, April 30th.

In other news, Senior Officer Jinhee Magie sold 19,500 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of C$6.57, for a total transaction of C$128,115.00. Following the completion of the sale, the insider now owns 233,000 shares in the company, valued at C$1,530,810.

Shares of TSE LUN traded up C$0.13 during mid-day trading on Friday, hitting C$6.99. The company had a trading volume of 3,735,432 shares, compared to its average volume of 2,420,295. The company has a market capitalization of $5.11 billion and a PE ratio of 1,165.00. The firm has a 50-day simple moving average of C$6.54 and a two-hundred day simple moving average of C$6.74. The company has a current ratio of 1.48, a quick ratio of 1.06 and a debt-to-equity ratio of 11.70. Lundin Mining has a one year low of C$4.08 and a one year high of C$8.08.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, April 29th. The mining company reported C($0.08) earnings per share for the quarter. The firm had revenue of C$507.44 million during the quarter. Sell-side analysts expect that Lundin Mining will post 0.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 29th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, May 28th. Lundin Mining’s dividend payout ratio is presently 1,589.98%.

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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Analyst Recommendations for Lundin Mining (TSE:LUN)

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