Lundin Mining Co. (TSE:LUN - Get Free Report) shares dropped 3.7% during trading on Tuesday . The company traded as low as C$11.56 and last traded at C$11.57. Approximately 141,646 shares were traded during trading, a decline of 94% from the average daily volume of 2,291,257 shares. The stock had previously closed at C$12.02.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on LUN. Raymond James cut their price objective on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a report on Thursday, January 16th. Jefferies Financial Group reduced their price target on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Scotiabank downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. UBS Group dropped their price target on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Finally, Ventum Financial boosted their price objective on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$17.31.
Check Out Our Latest Research Report on Lundin Mining
Lundin Mining Trading Down 2.7 %
The business's 50 day simple moving average is C$12.86 and its 200-day simple moving average is C$13.42. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. The stock has a market capitalization of C$9.09 billion, a P/E ratio of 41.79, a PEG ratio of -0.26 and a beta of 1.66.
Lundin Mining (TSE:LUN - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates 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%.
Lundin Mining Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.08%. Lundin Mining's dividend payout ratio (DPR) is presently 128.57%.
About Lundin Mining
(
Get Free Report)
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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