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

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

Wall Street Analysts Forecast Growth

LUN has been the subject of a number of recent analyst reports. Raymond James lowered their target price on shares of Lundin Mining from C$15.00 to C$14.00 and set a “market perform” rating for the company in a research note on Thursday, January 16th. UBS Group dropped their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Jefferies Financial Group dropped their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research report on Monday, January 6th. Ventum Financial boosted their target price on shares of Lundin Mining from C$18.50 to C$19.00 in a research report on Friday, October 18th. Finally, Scotiabank downgraded shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Lundin Mining currently has a consensus rating of “Moderate Buy” and an average target price of C$17.31.

Lundin Mining Price Performance

The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of 24.64. The stock’s 50-day simple moving average is C$12.95 and its two-hundred day simple moving average is C$13.46. The company has a market capitalization of C$8.83 billion, a price-to-earnings ratio of 40.57, a PEG ratio of -0.26 and a beta of 1.66.

Lundin Mining (TSE:LUN) last posted 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). The company had revenue of C$1.46 billion for the quarter, compared to analyst estimates of C$1.49 billion. Lundin Mining had a return on equity of 5.04% and a net margin of 4.21%.

Lundin Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s dividend payout ratio is presently 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.