Lundin Mining Co. (LUN) PT Lowered to C$9.25

Lundin Mining Co. (TSE:LUN) had its price target cut by Berenberg Bank from C$10.00 to C$9.25 in a report released on Friday.

A number of other research analysts have also weighed in on the stock. Scotiabank reissued a focus stock rating and issued a C$10.50 target price on shares of Lundin Mining in a research note on Wednesday, September 6th. Eight Capital reissued a buy rating on shares of Lundin Mining in a research note on Thursday, August 17th. TD Securities raised their target price on shares of Lundin Mining from C$10.00 to C$10.50 and gave the stock a buy rating in a research note on Monday, July 31st. National Bank Financial decreased their target price on shares of Lundin Mining from C$10.50 to C$9.50 and set an outperform rating on the stock in a research note on Monday, July 24th. Finally, BMO Capital Markets assumed coverage on shares of Lundin Mining in a research note on Friday, June 2nd. They issued an outperform rating and a C$10.50 target price on the stock. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$8.89.

Shares of Lundin Mining (TSE:LUN) opened at 9.05 on Friday. The firm’s 50-day moving average price is $9.10 and its 200 day moving average price is $7.88. Lundin Mining has a 52 week low of $4.91 and a 52 week high of $9.90. The company has a market capitalization of $6.58 billion and a PE ratio of 20.90.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results on Wednesday, July 26th. The mining company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. The firm had revenue of $611.61 million for the quarter. Equities analysts predict that Lundin Mining will post $0.36 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, September 8th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 7th.

Lundin Mining Company Profile

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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