Stifel Nicolaus set a C$14.50 target price on Lundin Mining (TSE:LUN – Free Report) in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the mining company’s stock.
Other analysts have also issued research reports about the company. Raymond James raised their price target on Lundin Mining from C$9.50 to C$11.50 in a research note on Wednesday, March 20th. Canaccord Genuity Group decreased their price objective on Lundin Mining from C$11.00 to C$10.75 in a report on Monday, January 22nd. JPMorgan Chase & Co. decreased their price objective on Lundin Mining from C$8.90 to C$8.40 in a report on Friday, January 19th. Veritas Investment Research reiterated a sell rating on shares of Lundin Mining in a report on Friday, December 8th. Finally, Morgan Stanley decreased their price objective on Lundin Mining from C$12.80 to C$12.60 and set an outperform rating for the company in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of C$12.59.
Read Our Latest Analysis on Lundin Mining
Lundin Mining Stock Performance
Lundin Mining (TSE:LUN – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. The business had revenue of C$1.44 billion during the quarter, compared to analysts’ expectations of C$1.39 billion. As a group, research analysts expect that Lundin Mining will post 0.8100183 earnings per share for the current year.
Lundin Mining Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.36 annualized dividend and a dividend yield of 2.60%. Lundin Mining’s dividend payout ratio (DPR) is 85.71%.
Insider Transactions at Lundin Mining
In related news, Senior Officer Annie Laurenson sold 5,200 shares of the stock in a transaction 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 16.06% of the company’s stock.
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.
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