Lundin Mining Co. (TSE:LUN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Lundin Mining Co. (TSE:LUN) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$17.72.

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

Lundin Mining Stock Performance

Shares of LUN opened at C$12.37 on Thursday. 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 firm’s 50 day moving average is C$13.42 and its 200-day moving average is C$13.77. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97. The stock has a market capitalization of C$9.61 billion, a P/E ratio of 44.18, a P/E/G ratio of -0.26 and a beta of 1.66.

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

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is presently 128.57%.

About Lundin Mining

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.