Lundin Mining Co. (LUN) Receives C$9.48 Average Price Target from Analysts

Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$9.48.

Several analysts recently weighed in on the company. CSFB restated a “neutral” rating and set a C$10.00 price objective on shares of Lundin Mining in a research report on Monday, September 10th. National Bank Financial dropped their price objective on Lundin Mining from C$11.25 to C$10.00 in a research report on Saturday, July 14th. Finally, CIBC dropped their price objective on Lundin Mining from C$10.00 to C$9.00 in a research report on Friday, August 31st.

Shares of LUN stock traded down C$0.18 on Wednesday, hitting C$6.34. 1,825,300 shares of the company’s stock were exchanged, compared to its average volume of 2,338,515. Lundin Mining has a 12 month low of C$6.00 and a 12 month high of C$10.22.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data on Wednesday, July 25th. The mining company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.10 by C$0.04. Lundin Mining had a return on equity of 14.83% and a net margin of 28.87%. The business had revenue of C$603.57 million during the quarter, compared to the consensus estimate of C$628.20 million.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Friday, September 7th were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.12 annualized dividend and a yield of 1.89%.

In other news, insider Mikael Schauman bought 110,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was purchased at an average cost of C$5.01 per share, for a total transaction of C$551,100.00. Also, insider Jinhee Magie sold 20,334 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of C$7.07, for a total value of C$143,761.38.

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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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