Lundin Mining Co. (OTCMKTS:LUNMF – Get Rating) hit a new 52-week low during trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from C$14.00 to C$11.50. Canaccord Genuity Group currently has a buy rating on the stock. Lundin Mining traded as low as $5.10 and last traded at $5.43, with a volume of 227518 shares traded. The stock had previously closed at $5.62.
Other analysts have also issued research reports about the company. TD Securities upped their target price on Lundin Mining from C$12.50 to C$15.00 in a research note on Friday, April 29th. Raymond James upped their target price on Lundin Mining from C$15.00 to C$16.00 in a research note on Wednesday, April 20th. National Bank Financial upped their target price on Lundin Mining from C$13.50 to C$14.00 in a research note on Friday, May 6th. Deutsche Bank Aktiengesellschaft cut their target price on Lundin Mining from SEK 85 to SEK 80 and set a “hold” rating for the company in a research note on Wednesday, June 29th. Finally, Morgan Stanley cut their target price on Lundin Mining from SEK 94 to SEK 88 and set an “equal weight” rating for the company in a research note on Thursday, June 23rd. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and an average target price of $26.37.
The company has a market cap of $4.23 billion, a P/E ratio of 4.02 and a beta of 1.74. The business has a fifty day moving average of $7.53 and a 200 day moving average of $8.67.
Lundin Mining (OTCMKTS:LUNMF – Get Rating) last announced its earnings results on Wednesday, April 27th. The basic materials company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $991.10 million during the quarter. Lundin Mining had a return on equity of 19.59% and a net margin of 27.68%. On average, equities research analysts predict that Lundin Mining Co. will post 1.46 EPS for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Wednesday, June 22nd. Shareholders of record on Friday, June 3rd were issued a $0.0701 dividend. The ex-dividend date was Thursday, June 2nd. This represents a yield of 3.14%. Lundin Mining’s dividend payout ratio (DPR) is 20.74%.
About Lundin Mining (OTCMKTS:LUNMF)
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
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