Jefferies Financial Group Cuts Lundin Mining (TSE:LUN) Price Target to C$16.00

Lundin Mining (TSE:LUN) had its target price reduced by Jefferies Financial Group from C$20.00 to C$16.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other brokerages have also recently commented on LUN. Royal Bank of Canada decreased their price objective on 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. UBS Group boosted their target price on Lundin Mining from C$16.00 to C$17.00 in a research report on Monday, December 9th. Raymond James lowered their price target on Lundin Mining from C$16.00 to C$15.00 in a research note on Tuesday, December 10th. Finally, Ventum Financial lifted their price objective on shares of Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lundin Mining presently has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Lundin Mining Stock Performance

Lundin Mining stock opened at C$12.61 on Monday. Lundin Mining has a 1 year low of C$9.85 and a 1 year high of C$17.97. The company’s 50-day moving average is C$13.29 and its two-hundred day moving average is C$13.71. 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 company has a market cap of C$9.80 billion, a PE ratio of 45.04, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last announced its quarterly earnings data 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). Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The business had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.

Lundin Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Friday, November 29th. 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.