Lundin Mining Co. (TSE:LUN) had its target price hoisted by TD Securities from C$10.00 to C$10.50 in a research note published on Monday, July 31st. They currently have a buy rating on the mining company’s stock.
LUN has been the topic of several other reports. Scotiabank upped their target price on Lundin Mining from C$9.00 to C$9.50 and gave the company a focus stock rating in a research report on Thursday, April 27th. Royal Bank Of Canada upped their target price on Lundin Mining from C$8.00 to C$9.00 in a research report on Friday, May 19th. Berenberg Bank reaffirmed a hold rating on shares of Lundin Mining in a research report on Saturday, May 20th. BMO Capital Markets began coverage on Lundin Mining in a research report on Friday, June 2nd. They set an outperform rating and a C$10.50 price target on the stock. Finally, National Bank Financial cut their price target on Lundin Mining from C$10.50 to C$9.50 and set an outperform rating on the stock in a research report on Monday, July 24th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$8.77.
Shares of Lundin Mining (TSE:LUN) opened at 9.03 on Monday. The stock’s 50 day moving average price is $8.31 and its 200 day moving average price is $7.77. Lundin Mining has a 12-month low of $4.91 and a 12-month high of $9.46. The company has a market cap of $6.56 billion and a P/E ratio of 20.85.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The firm had revenue of $611.61 million during the quarter. On average, analysts forecast that Lundin Mining will post $0.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, September 7th.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo (DRC). It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals.
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