JPMorgan Chase & Co. Raises Lundin Mining (TSE:LUN) Price Target to C$18.80

Lundin Mining (TSE:LUN) had its price target lifted by JPMorgan Chase & Co. from C$15.70 to C$18.80 in a research report report published on Wednesday, BayStreet.CA reports.

Several other brokerages have also commented on LUN. Royal Bank of Canada upped their target price on Lundin Mining from C$13.00 to C$17.00 and gave the company a sector perform rating in a research report on Friday, May 3rd. Canaccord Genuity Group upped their price target on Lundin Mining from C$16.50 to C$17.50 and gave the stock a hold rating in a research note on Monday, May 13th. Jefferies Financial Group upped their price target on Lundin Mining from C$18.00 to C$20.00 and gave the stock a buy rating in a research note on Friday, April 12th. Ventum Financial upped their price target on Lundin Mining from C$19.00 to C$20.00 in a research note on Tuesday, May 28th. Finally, UBS Group upped their price target on Lundin Mining from C$12.50 to C$18.25 in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining presently has an average rating of Hold and an average price target of C$16.80.

Lundin Mining Stock Up 0.4 %

Shares of Lundin Mining stock opened at C$15.96 on Wednesday. Lundin Mining has a one year low of C$8.18 and a one year high of C$17.97. The company has a debt-to-equity ratio of 25.05, a current ratio of 1.57 and a quick ratio of 0.90. The stock’s 50-day moving average is C$15.71 and its 200 day moving average is C$13.44. The firm has a market cap of C$12.38 billion, a price-to-earnings ratio of 84.00, a PEG ratio of -0.26 and a beta of 1.82.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, May 1st. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. The business had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Equities research analysts anticipate that Lundin Mining will post 0.7934045 EPS for the current year.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Friday, May 31st. Lundin Mining’s payout ratio is 189.47%.

Insider Activity at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$17.20, for a total transaction of C$215,000.00. In other Lundin Mining news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$17.64, for a total transaction of C$155,831.76. Also, Senior Officer Annie Laurenson sold 12,500 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. 15.70% of the stock is currently owned by company insiders.

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.