Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$17.72

Lundin Mining Co. (TSE:LUN) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$17.72.

A number of equities analysts have recently weighed in on the company. Ventum Financial increased their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Royal Bank of Canada dropped their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Raymond James decreased their price target on shares of Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Finally, UBS Group lifted their price objective on shares of Lundin Mining from C$16.00 to C$17.00 in a research note on Monday, December 9th.

Lundin Mining Price Performance

TSE:LUN opened at C$12.21 on Thursday. The firm’s fifty day moving average price is C$13.51 and its two-hundred day moving average price is C$13.81. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The company has a market cap of C$9.49 billion, a P/E ratio of 43.61, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$9.85 and a one year high of C$17.97.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.95%. Lundin Mining’s dividend payout ratio is currently 128.57%.

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.