UBS Group Cuts Lundin Mining (TSE:LUN) Price Target to C$15.50

Lundin Mining (TSE:LUN) had its price target trimmed by UBS Group from C$17.00 to C$15.50 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other brokerages have also recently commented on LUN. Royal Bank of Canada lowered their target price on Lundin Mining from C$20.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. Jefferies Financial Group dropped their price objective on Lundin Mining from C$20.00 to C$16.00 in a research report on Monday. Raymond James reduced their target price on shares of Lundin Mining from C$16.00 to C$15.00 in a report on Tuesday, December 10th. Finally, Ventum Financial lifted their price target on shares of Lundin Mining from C$18.50 to C$19.00 in a report on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$17.38.

Lundin Mining Price Performance

Lundin Mining stock opened at C$12.94 on Tuesday. The firm has a market capitalization of C$10.05 billion, a PE ratio of 46.21, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52 week low of C$9.85 and a 52 week high of C$17.97. The firm’s 50-day simple moving average is C$13.25 and its 200 day simple moving average is C$13.70. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64.

Lundin Mining (TSE:LUN) last announced its quarterly earnings results on Wednesday, November 6th. The mining company reported C$0.12 earnings per share (EPS) 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 analysts’ expectations of C$1.49 billion.

Lundin Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.78%. 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.