Lundin Mining Co. (TSE:LUN) Plans Quarterly Dividend of $0.09

Lundin Mining Co. (TSE:LUN) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.09 per share by the mining company on Wednesday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, November 29th.

Lundin Mining Trading Up 0.8 %

TSE LUN opened at C$13.79 on Thursday. The firm’s 50 day moving average price is C$13.98 and its two-hundred day moving average price is C$14.34. The stock has a market cap of C$10.71 billion, a price-to-earnings ratio of 49.25, a PEG ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$8.84 and a twelve month high of C$17.97. The company has a debt-to-equity ratio of 24.64, a quick ratio of 0.90 and a current ratio of 1.49.

Lundin Mining (TSE:LUN) last issued its quarterly earnings results 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). The business had revenue of C$1.46 billion for 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%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LUN. CIBC increased their price target on shares of Lundin Mining from C$16.00 to C$17.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Scotiabank upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating and lowered their price target for the company from C$18.00 to C$16.00 in a report on Monday, August 19th. Royal Bank of Canada reduced 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 report on Tuesday, September 10th. JPMorgan Chase & Co. raised Lundin Mining from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from C$18.20 to C$17.30 in a research report on Tuesday, August 20th. Finally, Haywood Securities upgraded Lundin Mining from a “hold” rating to a “buy” rating and set a C$17.00 price target for the company in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$17.98.

Insider Buying and Selling

In other Lundin Mining news, Director Jack Oliver Lundin purchased 65,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average cost of C$12.55 per share, for a total transaction of C$815,854.00. Insiders own 15.70% of the company’s stock.

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.