Lundin Mining (TSE:LUN) Stock Price Expected to Rise, UBS Group Analyst Says

Lundin Mining (TSE:LUN) had its price objective hoisted by UBS Group from C$16.00 to C$17.00 in a research report released on Monday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. JPMorgan Chase & Co. upgraded shares of Lundin Mining from a “neutral” rating to an “overweight” rating and cut their price objective for the company from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Ventum Financial lifted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Finally, Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from C$18.00 to C$16.00 in a research report on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Lundin Mining presently has an average rating of “Moderate Buy” and a consensus target price of C$17.91.

Lundin Mining Stock Performance

TSE LUN opened at C$13.78 on Monday. Lundin Mining has a 52-week low of C$9.67 and a 52-week high of C$17.97. The company has a 50-day simple moving average of C$14.05 and a 200 day simple moving average of C$14.20. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49. The company has a market capitalization of C$10.71 billion, a PE ratio of 49.21, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last posted its earnings results 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). The business had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, November 29th. Lundin Mining’s payout ratio is 128.57%.

About Lundin Mining

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.