Lundin Mining (TSE:LUN) Price Target Lowered to C$16.00 at Jefferies Financial Group

Lundin Mining (TSE:LUN - Free Report) had its price target cut by Jefferies Financial Group from C$20.00 to C$16.00 in a research report sent to investors on Monday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating for the company in a report on Tuesday, September 10th. Ventum Financial raised their price objective on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Raymond James decreased their target price on Lundin Mining from C$16.00 to C$15.00 in a research report on Tuesday, December 10th. Finally, UBS Group upped their target price on Lundin Mining from C$16.00 to C$17.00 in a report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Lundin Mining currently has an average rating of "Moderate Buy" and a consensus price target of C$17.47.

Lundin Mining Price Performance

Shares of LUN traded up C$0.31 during mid-day trading on Monday, hitting C$12.84. The company's stock had a trading volume of 2,898,243 shares, compared to its average volume of 1,956,747. The firm has a 50-day simple moving average of C$13.33 and a 200 day simple moving average of C$13.73. Lundin Mining has a 1-year low of C$9.85 and a 1-year high of C$17.97. The firm has a market capitalization of C$9.97 billion, a P/E ratio of 45.86, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN - Get Free Report) last issued its earnings results on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.24 by C($0.12). The company had revenue of C$1.46 billion for the quarter, compared to analysts' expectations of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.80%. Lundin Mining's dividend payout ratio (DPR) is presently 128.57%.

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.