Investment Analysts’ Weekly Ratings Updates for Lundin Mining (LUN)

Several brokerages have updated their recommendations and price targets on shares of Lundin Mining (TSE: LUN) in the last few weeks:

• 4/24/2024 – Lundin Mining had its price target raised by analysts at Raymond James from C$13.00 to C$15.00.
• 4/23/2024 – Lundin Mining had its price target raised by analysts at Morgan Stanley from C$16.30 to C$16.40.
• 4/22/2024 – Lundin Mining was downgraded by analysts at Eight Capital from a “buy” rating to a “neutral” rating. They now have a C$16.00 price target on the stock, up previously from C$13.00.
• 4/18/2024 – Lundin Mining had its price target raised by analysts at Raymond James from C$11.50 to C$13.00. They now have a “market perform” rating on the stock.
• 4/17/2024 – Lundin Mining had its price target raised by analysts at JPMorgan Chase & Co. from C$9.10 to C$15.50. They now have a “neutral” rating on the stock.
• 4/17/2024 – Lundin Mining had its price target raised by analysts at CIBC from C$12.00 to C$15.00. They now have a “neutral” rating on the stock.
• 4/17/2024 – Lundin Mining had its price target raised by analysts at Canaccord Genuity Group Inc. from C$11.00 to C$16.50.
• 4/12/2024 – Lundin Mining had its price target raised by analysts at Jefferies Financial Group Inc. from C$18.00 to C$20.00. They now have a “buy” rating on the stock.
• 4/9/2024 – Lundin Mining was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating.
• 4/9/2024 – Lundin Mining had its price target raised by analysts at UBS Group AG from C$12.50 to C$18.25.
• 4/9/2024 – Lundin Mining had its price target raised by analysts at Bank of America Co. from C$12.50 to C$18.50.
• 3/28/2024 – Lundin Mining had its price target raised by analysts at Morgan Stanley from C$12.60 to C$16.40. They now have an “overweight” rating on the stock.
• 3/27/2024 – Lundin Mining was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$16.00 price target on the stock, up previously from C$12.00.
• 3/26/2024 – Lundin Mining was given a new C$14.50 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
• 3/20/2024 – Lundin Mining had its price target raised by analysts at Raymond James from C$9.50 to C$11.50.
• 3/1/2024 – Lundin Mining had its “buy” rating reaffirmed by analysts at Pi Financial.

Lundin Mining Stock Up 4.0 %

Shares of TSE LUN traded up C$0.63 during midday trading on Friday, hitting C$16.23. 4,190,906 shares of the stock traded hands, compared to its average volume of 2,328,376. The company has a market cap of C$12.58 billion, a PE ratio of 38.64, a P/E/G ratio of -0.26 and a beta of 1.85. Lundin Mining Co. has a one year low of C$8.18 and a one year high of C$16.51. The business has a 50 day moving average price of C$13.36 and a two-hundred day moving average price of C$11.14. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48.

Lundin Mining (TSE:LUN) last announced its earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The company had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. On average, equities analysts predict that Lundin Mining Co. will post 0.8396226 EPS for the current year.

Lundin Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is presently 85.71%.

Insider Activity at Lundin Mining

In related news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. 15.70% of the stock is currently owned by company insiders.

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.