Lundin Mining Co. (LUN.TO) (TSE:LUN) to Issue $0.04 Quarterly Dividend

Lundin Mining Co. (LUN.TO) (TSE:LUN) declared a quarterly dividend on Wednesday, October 28th, Zacks reports. Stockholders of record on Friday, December 4th will be given a dividend of 0.04 per share by the mining company on Wednesday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 3rd.

Shares of TSE LUN traded up C$0.02 during trading on Friday, hitting C$7.88. 569,020 shares of the company were exchanged, compared to its average volume of 2,281,052. Lundin Mining Co. has a 12-month low of C$4.08 and a 12-month high of C$8.59. The company has a debt-to-equity ratio of 11.99, a quick ratio of 1.17 and a current ratio of 1.62. The company has a fifty day moving average price of C$7.89 and a 200-day moving average price of C$7.36. The firm has a market capitalization of $5.77 billion and a PE ratio of 114.78.

Lundin Mining Co. (LUN.TO) (TSE:LUN) last posted its quarterly earnings results on Wednesday, July 29th. The mining company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.01 by C$0.09. The company had revenue of C$739.47 million for the quarter, compared to analysts’ expectations of C$654.24 million. Research analysts anticipate that Lundin Mining Co. will post 0.56 earnings per share for the current fiscal year.

Several research firms have recently commented on LUN. Morgan Stanley lifted their price target on Lundin Mining Co. (LUN.TO) from C$8.10 to C$10.00 in a report on Thursday, September 24th. Raymond James boosted their price objective on shares of Lundin Mining Co. (LUN.TO) from C$8.50 to C$9.00 and gave the company a “market perform” rating in a report on Friday, October 23rd. Haywood Securities boosted their price objective on shares of Lundin Mining Co. (LUN.TO) from C$8.50 to C$10.00 in a report on Tuesday, July 21st. Royal Bank of Canada lowered shares of Lundin Mining Co. (LUN.TO) from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$9.00 to C$8.50 in a report on Friday, July 31st. Finally, National Bank Financial boosted their price objective on shares of Lundin Mining Co. (LUN.TO) from C$8.50 to C$9.75 in a report on Friday, September 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$9.90.

In other Lundin Mining Co. (LUN.TO) news, Senior Officer Jinhee Magie sold 44,000 shares of Lundin Mining Co. (LUN.TO) stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of C$8.33, for a total value of C$366,520.00. Following the completion of the transaction, the insider now directly owns 176,000 shares of the company’s stock, valued at approximately C$1,466,080. Over the last ninety days, insiders sold 89,800 shares of company stock valued at $732,885.

Lundin Mining Co. (LUN.TO) 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, and Sweden. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

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Dividend History for Lundin Mining Co. (LUN.TO) (TSE:LUN)

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