Lundin Mining Co. (TSE:LUN) Plans Quarterly Dividend of $0.09

Lundin Mining Co. (TSE:LUN - Get Free Report) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.09 per share by the mining company on Wednesday, December 11th. This represents a $0.36 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, November 29th.

Lundin Mining Price Performance

Shares of Lundin Mining stock traded down C$0.56 during trading on Friday, reaching C$13.89. The company's stock had a trading volume of 2,596,637 shares, compared to its average volume of 2,367,001. Lundin Mining has a one year low of C$8.19 and a one year high of C$17.97. The stock has a 50-day moving average price of C$13.62 and a two-hundred day moving average price of C$14.52. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The stock has a market capitalization of C$10.79 billion, a P/E ratio of 49.32, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN - Get Free Report) last announced 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 analyst estimates of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada dropped their target price on Lundin Mining from C$20.00 to C$16.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 10th. National Bankshares reduced their price target on Lundin Mining from C$19.50 to C$18.50 and set an "outperform" rating for the company in a report on Monday, July 15th. Scotiabank raised Lundin Mining from a "sector perform" rating to an "outperform" rating and cut their price objective for the company from C$18.00 to C$16.00 in a research report on Monday, August 19th. CIBC increased their price target on Lundin Mining from C$16.00 to C$17.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Finally, Haywood Securities raised shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$17.00 price target on the stock in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of "Moderate Buy" and an average price target of C$17.98.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin acquired 65,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Insiders own 15.70% of the company's stock.

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.