Lundin Mining Co. (LUN) Plans $0.03 Quarterly Dividend

Lundin Mining Co. (TSE:LUN) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.03 per share by the mining company on Wednesday, June 19th. This represents a $0.12 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, May 30th.

TSE LUN opened at C$6.23 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.42 and a current ratio of 3.03. Lundin Mining has a 12-month low of C$4.70 and a 12-month high of C$8.96. The firm has a market capitalization of $4.59 billion and a price-to-earnings ratio of 27.44.

In other news, Senior Officer Marie Inkster sold 134,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of C$7.35, for a total transaction of C$984,900.00. Following the sale, the insider now directly owns 244,760 shares of the company’s stock, valued at C$1,798,986.

Several research firms have issued reports on LUN. National Bank Financial lifted their price target on shares of Lundin Mining from C$9.25 to C$11.00 in a report on Thursday, April 18th. CIBC lifted their price target on shares of Lundin Mining from C$9.00 to C$9.50 in a report on Tuesday, April 23rd. Raymond James lifted their price target on shares of Lundin Mining from C$8.50 to C$9.50 and gave the stock a “market perform” rating in a report on Friday, April 26th. Royal Bank of Canada lifted their price target on shares of Lundin Mining from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, Eight Capital lifted their price target on shares of Lundin Mining from C$10.00 to C$11.00 in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Lundin Mining has a consensus rating of “Buy” and an average price target of C$9.41.

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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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Dividend History for Lundin Mining (TSE:LUN)

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