Lundin Mining (TSE:LUN) Announces Quarterly Earnings Results

Lundin Mining (TSE:LUN) posted its quarterly earnings data on Wednesday. The mining company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02), reports. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion.

Lundin Mining Stock Up 0.8 %

Shares of LUN opened at C$15.15 on Friday. The stock has a market capitalization of C$11.74 billion, a price-to-earnings ratio of 36.07, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. Lundin Mining has a 1 year low of C$8.18 and a 1 year high of C$16.51. The business’s 50 day simple moving average is C$13.89 and its 200-day simple moving average is C$11.40. The company has a debt-to-equity ratio of 23.15, a current ratio of 1.48 and a quick ratio of 0.90.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.36 annualized dividend and a dividend yield of 2.38%. Lundin Mining’s dividend payout ratio (DPR) is 85.71%.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total transaction of C$69,160.00. Insiders own 15.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on LUN shares. Stifel Nicolaus set a C$14.50 price objective on Lundin Mining and gave the stock a “buy” rating in a research note on Tuesday, March 26th. Raymond James raised their price objective on Lundin Mining from C$13.00 to C$15.00 in a research note on Wednesday, April 24th. Pi Financial reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Friday, March 1st. BMO Capital Markets decreased their price objective on Lundin Mining from C$17.00 to C$16.50 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$15.23.

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.