Lundin Mining (TSE:LUN) Lowered to “Hold” Rating by Scotiabank

Scotiabank lowered shares of Lundin Mining (TSE:LUN) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other research firms have also commented on LUN. UBS Group decreased their price objective on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Raymond James reduced their price target on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Finally, Ventum Financial upped their target price on Lundin Mining from C$18.50 to C$19.00 in a research note on Friday, October 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy” and an average target price of C$17.31.

Lundin Mining Trading Down 0.2 %

Shares of Lundin Mining stock opened at C$12.44 on Wednesday. The company has a 50-day moving average of C$13.08 and a two-hundred day moving average of C$13.60. Lundin Mining has a 12-month low of C$9.85 and a 12-month high of C$17.97. 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 stock has a market cap of C$9.66 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last released 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). The firm had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.49 billion. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%.

Lundin Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was 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.