JPMorgan Chase & Co. Increases Lundin Mining (TSE:LUN) Price Target to C$18.80

Lundin Mining (TSE:LUN - Free Report) had its target price upped by JPMorgan Chase & Co. from C$15.70 to C$18.80 in a report published on Wednesday morning, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. UBS Group lifted their price objective on shares of Lundin Mining from C$12.50 to C$18.25 in a report on Tuesday, April 9th. BMO Capital Markets lifted their price objective on shares of Lundin Mining from C$16.50 to C$19.50 and gave the company an outperform rating in a report on Tuesday, May 21st. Eight Capital cut shares of Lundin Mining from a buy rating to a neutral rating and lifted their price objective for the company from C$13.00 to C$16.00 in a report on Monday, April 22nd. Ventum Financial boosted their price target on shares of Lundin Mining from C$19.00 to C$20.00 in a report on Tuesday, May 28th. Finally, CIBC boosted their price target on shares of Lundin Mining from C$15.00 to C$16.00 and gave the stock a neutral rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average target price of C$16.80.

Lundin Mining Stock Up 5.9 %

LUN traded up C$0.88 during midday trading on Wednesday, hitting C$15.84. The company had a trading volume of 1,040,857 shares, compared to its average volume of 2,427,377. Lundin Mining has a 52 week low of C$8.18 and a 52 week high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.57 and a debt-to-equity ratio of 25.05. The company has a market capitalization of C$12.29 billion, a price-to-earnings ratio of 83.37, a PEG ratio of -0.26 and a beta of 1.82. The stock's 50 day moving average price is C$15.71 and its 200 day moving average price is C$13.38.

Lundin Mining (TSE:LUN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The mining company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.02). The company had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.27 billion. Lundin Mining had a net margin of 3.04% and a return on equity of 3.49%. On average, research analysts anticipate that Lundin Mining will post 0.7934045 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, May 31st. Lundin Mining's payout ratio is 189.47%.

Insider Buying and Selling at Lundin Mining

In other news, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total value of C$155,831.76. In other news, Senior Officer Annie Laurenson sold 12,500 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$17.20, for a total value of C$215,000.00. Also, Senior Officer Teitur Nolsoe Poulsen sold 8,834 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$17.64, for a total transaction of C$155,831.76. Corporate insiders own 15.70% of the company's stock.

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.