Lundin Mining (TSE:LUN) Price Target Cut to C$14.00 by Analysts at Raymond James

Lundin Mining (TSE:LUN) had its price target cut by Raymond James from C$15.00 to C$14.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a market perform rating on the mining company’s stock.

Other research analysts also recently issued reports about the company. UBS Group cut their price target on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Ventum Financial raised their price objective on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Finally, Jefferies Financial Group reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a report on Monday, January 6th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average price target of C$17.31.

Lundin Mining Stock Down 0.2 %

TSE:LUN opened at C$12.44 on Thursday. The company has a market cap of C$9.66 billion, a price-to-earnings ratio of 44.43, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$9.85 and a twelve month high of C$17.97. The company has a current ratio of 1.49, a quick ratio of 0.90 and a debt-to-equity ratio of 24.64. The stock has a fifty day simple moving average of C$13.08 and a 200-day simple moving average of C$13.60.

Lundin Mining (TSE:LUN) last posted its quarterly 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). The firm had revenue of C$1.46 billion for the quarter, compared to the consensus estimate of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 annualized dividend and a yield of 2.89%. Lundin Mining’s dividend payout ratio (DPR) is presently 128.57%.

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.