JPMorgan Chase & Co. Increases Lundin Mining (TSE:LUN) Price Target to C$15.50

Lundin Mining (TSE:LUNFree Report) had its target price boosted by JPMorgan Chase & Co. from C$9.10 to C$15.50 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the mining company’s stock.

Several other brokerages have also recently weighed in on LUN. Pi Financial reaffirmed a buy rating on shares of Lundin Mining in a research note on Friday, March 1st. Stifel Nicolaus set a C$14.50 price objective on shares of Lundin Mining and gave the stock a buy rating in a research note on Tuesday, March 26th. Canaccord Genuity Group upped their price objective on shares of Lundin Mining from C$11.00 to C$16.50 in a research note on Wednesday. Bank of America upped their price objective on shares of Lundin Mining from C$12.50 to C$18.50 in a research note on Tuesday, April 9th. Finally, CIBC upped their price objective on shares of Lundin Mining from C$12.00 to C$15.00 and gave the stock a neutral rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of C$14.56.

Check Out Our Latest Research Report on Lundin Mining

Lundin Mining Stock Performance

TSE:LUN opened at C$15.84 on Wednesday. Lundin Mining has a 12-month low of C$8.18 and a 12-month high of C$16.51. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 23.15. The firm has a market capitalization of C$12.28 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of -0.26 and a beta of 1.85. The firm has a 50-day moving average price of C$13.00 and a 200 day moving average price of C$10.97.

Lundin Mining (TSE:LUNGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The mining company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.15 by C($0.01). The firm had revenue of C$1.44 billion for the quarter, compared to the consensus estimate of C$1.39 billion. Lundin Mining had a return on equity of 5.32% and a net margin of 7.12%. Research analysts anticipate that Lundin Mining will post 0.8396226 earnings per share for the current fiscal year.

Lundin Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were paid a $0.09 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.36 dividend on an annualized basis and a yield of 2.27%. Lundin Mining’s payout ratio is presently 85.71%.

Insider Buying and Selling at Lundin Mining

In other Lundin Mining news, Senior Officer Annie Laurenson sold 5,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$13.30, for a total value of C$69,160.00. Insiders own 15.70% of the company’s stock.

About Lundin Mining

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Lundin Mining (TSE:LUN)

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