Lundin Mining (TSE:LUN) Given New C$17.00 Price Target at Royal Bank of Canada

Lundin Mining (TSE:LUN) had its price target lifted by Royal Bank of Canada from C$13.00 to C$17.00 in a report issued on Friday, BayStreet.CA reports. They currently have a sector perform rating on the mining company’s stock.

A number of other analysts also recently weighed in on the stock. UBS Group upped their target price on shares of Lundin Mining from C$12.50 to C$18.25 in a research report on Tuesday, April 9th. Pi Financial reaffirmed a buy rating on shares of Lundin Mining in a research note on Friday, March 1st. CIBC boosted their price target on Lundin Mining from C$12.00 to C$15.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. BMO Capital Markets reduced their price objective on Lundin Mining from C$17.00 to C$16.50 in a research report on Thursday. Finally, Bank of America lifted their price objective on Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of C$15.23.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$15.15 on Friday. Lundin Mining has a fifty-two week low of C$8.18 and a fifty-two week high of C$16.51. The stock’s 50 day simple moving average is C$13.89 and its two-hundred day simple moving average is C$11.43. The company has a debt-to-equity ratio of 23.15, a quick ratio of 0.90 and a current ratio of 1.48. The stock has a market cap of C$11.74 billion, a price-to-earnings ratio of 36.07, a PEG ratio of -0.26 and a beta of 1.85.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The firm had revenue of C$1.26 billion for the quarter, compared to the consensus estimate of C$1.27 billion. Lundin Mining had a net margin of 7.12% and a return on equity of 5.32%. As a group, analysts expect that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Announces Dividend

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

Insider Activity at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. 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.