Scotiabank restated their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research note issued to investors on Thursday. Scotiabank currently has a C$9.25 target price on the mining company’s stock.

Several other analysts also recently commented on LUN. Royal Bank Of Canada reaffirmed an outperform rating on shares of Lundin Mining in a research note on Tuesday, April 11th. CSFB started coverage on Lundin Mining in a research note on Thursday, April 13th. They set an outperform rating and a C$9.50 price objective for the company. TD Securities reaffirmed a buy rating and set a C$9.50 price objective on shares of Lundin Mining in a research note on Thursday, April 27th. Berenberg Bank upped their price objective on Lundin Mining from C$8.00 to C$9.00 and gave the company a buy rating in a research note on Friday, May 19th. Finally, BMO Capital Markets started coverage on Lundin Mining in a research note on Friday, June 2nd. They set an outperform rating and a C$10.50 price objective for the company. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of C$8.73.

Shares of Lundin Mining (TSE LUN) opened at 8.69 on Thursday. Lundin Mining has a 12-month low of $4.91 and a 12-month high of $8.94. The firm has a market capitalization of $6.32 billion and a price-to-earnings ratio of 20.07. The company’s 50-day moving average price is $7.61 and its 200 day moving average price is $7.65.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The firm had revenue of $611.61 million during the quarter. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. On average, equities research analysts forecast that Lundin Mining will post $0.33 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, September 7th.

About Lundin Mining

Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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