Stifel Nicolaus Has Lowered Expectations for Lundin Mining (TSE:LUN) Stock Price

Lundin Mining (TSE:LUN - Free Report) had its price objective trimmed by Stifel Nicolaus from C$17.50 to C$16.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the mining company's stock.

Other equities research analysts have also issued research reports about the stock. Raymond James lowered their target price on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a report on Thursday, January 16th. UBS Group cut their target price on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Ventum Financial lifted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Finally, Scotiabank cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of "Moderate Buy" and an average target price of C$17.19.

Lundin Mining Stock Down 2.2 %

Shares of Lundin Mining stock traded down C$0.26 during trading on Thursday, reaching C$11.48. 3,220,559 shares of the company traded hands, compared to its average volume of 2,504,210. The company has a 50 day moving average price of C$12.71 and a 200-day moving average price of C$13.33. The firm has a market capitalization of C$8.92 billion, a PE ratio of 41.00, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$10.56 and a 1-year high of C$17.97.

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

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were paid a dividend of $0.09 per share. 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 3.14%. Lundin Mining's payout ratio is 128.57%.

About Lundin Mining

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.