Analysts’ Weekly Ratings Changes for Lundin Mining (LUN)

Several analysts have recently updated their ratings and price targets for Lundin Mining (TSE: LUN):

• 3/28/2024 – Lundin Mining had its price target raised by analysts at Morgan Stanley from C$12.60 to C$16.40. They now have an “overweight” rating on the stock.
• 3/27/2024 – Lundin Mining was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$16.00 price target on the stock, up previously from C$12.00.
• 3/26/2024 – Lundin Mining was given a new C$14.50 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
• 3/20/2024 – Lundin Mining had its price target raised by analysts at Raymond James from C$9.50 to C$11.50.
• 3/1/2024 – Lundin Mining had its “buy” rating reaffirmed by analysts at Pi Financial.

Lundin Mining Stock Performance

Shares of LUN opened at C$15.91 on Monday. The company’s 50 day simple moving average is C$12.06 and its 200-day simple moving average is C$10.57. Lundin Mining Co. has a 12-month low of C$8.18 and a 12-month high of C$15.94. The firm has a market cap of C$12.32 billion, a PE ratio of 37.88, a price-to-earnings-growth ratio of -0.26 and a beta of 1.81. The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 23.15.

Lundin Mining (TSE:LUN) last released its quarterly earnings results on Wednesday, February 21st. The mining company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.15 by C($0.01). The company had revenue of C$1.44 billion for the quarter, compared to analysts’ expectations of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. As a group, equities analysts predict that Lundin Mining Co. will post 0.84 EPS for the current year.

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, March 21st. Lundin Mining’s payout ratio is 85.71%.

Insider Transactions at Lundin Mining

In other news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$13.30, for a total value of C$69,160.00. Company insiders own 16.06% of the company’s stock.

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.