Lundin Mining (TSE:LUN) Shares Down 3.7% – Should You Sell?

Lundin Mining Co. (TSE:LUN) traded down 3.7% on Tuesday . The company traded as low as C$11.56 and last traded at C$11.57. 141,646 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 2,291,257 shares. The stock had previously closed at C$12.02.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LUN. Ventum Financial increased their target price on Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Scotiabank cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Jefferies Financial Group cut their target price on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Raymond James decreased their target price on Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group decreased their target price on Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$17.31.

Lundin Mining Stock Performance

The stock has a market capitalization of C$9.17 billion, a price-to-earnings ratio of 42.14, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The firm has a fifty day moving average of C$12.81 and a 200 day moving average of C$13.39. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90.

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 analysts’ consensus estimates 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 firm had revenue of C$1.46 billion during the quarter, compared to analysts’ expectations of C$1.49 billion.

Lundin Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is 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.