Lundin Mining Co. (TSE:LUN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Lundin Mining Co. (TSE:LUN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$17.31.

A number of research firms have issued reports on LUN. Scotiabank downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 15th. UBS Group decreased their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Raymond James reduced their price objective on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a research report on Thursday. Finally, Ventum Financial upped their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th.

Lundin Mining Stock Up 4.0 %

Shares of LUN stock traded up C$0.49 during mid-day trading on Monday, reaching C$12.75. 877,312 shares of the company's stock traded hands, compared to its average volume of 2,384,206. The company has a market cap of C$9.90 billion, a P/E ratio of 45.54, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. Lundin Mining has a 12 month low of C$9.90 and a 12 month high of C$17.97. The company's 50-day moving average price is C$13.05 and its 200-day moving average price is C$13.57.

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

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, November 29th. Lundin Mining's dividend payout ratio (DPR) is 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.