Shares of Lundin Mining Co. (TSE:LUN) have been given an average recommendation of “Buy” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$9.34.
Several analysts have recently weighed in on the stock. Scotiabank reiterated a “focus stock” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Wednesday, September 6th. Berenberg Bank decreased their target price on shares of Lundin Mining from C$10.00 to C$9.25 in a research report on Friday, September 8th. Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. CIBC reiterated an “outperform” rating and set a C$12.00 target price on shares of Lundin Mining in a research report on Friday, September 15th. Finally, TD Securities lifted their target price on shares of Lundin Mining from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Monday, July 31st.
Lundin Mining (TSE:LUN) traded up 1.41% during midday trading on Friday, reaching $8.63. 6,936,854 shares of the company traded hands. The firm’s 50 day moving average price is $9.14 and its 200 day moving average price is $7.92. Lundin Mining has a 12 month low of $4.97 and a 12 month high of $9.90. The firm has a market capitalization of $6.27 billion and a price-to-earnings ratio of 19.93.
Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, July 26th. The mining company reported C$0.09 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.03. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. The business had revenue of C$611.61 million for the quarter. On average, analysts expect that Lundin Mining will post $0.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.41%.
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.
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