Lundin Mining Co. (LUN) To Go Ex-Dividend on November 29th

Lundin Mining Co. (TSE:LUN) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Friday, November 29th will be paid a dividend of 0.09 per share by the mining company on Wednesday, December 11th. This represents a $0.36 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Friday, November 29th.

Lundin Mining Trading Up 5.9 %

Shares of LUN stock opened at C$14.45 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The company has a market capitalization of C$11.23 billion, a P/E ratio of 51.61, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$17.97. The firm has a 50-day moving average price of C$13.62 and a 200 day moving average price of C$14.52.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, November 6th. The mining company reported C$0.12 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.12). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The company had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Eight Capital lifted their price target on shares of Lundin Mining from C$16.00 to C$17.50 in a research report on Thursday, July 11th. Scotiabank raised shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and cut their price target for the company from C$18.00 to C$16.00 in a research note on Monday, August 19th. JPMorgan Chase & Co. raised shares of Lundin Mining from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Royal Bank of Canada lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Finally, CIBC boosted their target price on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.98.

Insider Buying and Selling

In other news, Director Jack Oliver Lundin acquired 65,000 shares of Lundin Mining stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. 15.70% of the stock is owned by insiders.

Lundin Mining Company Profile

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.