Lundin Mining Co. (LUN) Insider Jinhee Magie Sells 20,334 Shares

Lundin Mining Co. (TSE:LUN) insider Jinhee Magie sold 20,334 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of C$7.07, for a total value of C$143,761.38.

TSE:LUN traded up C$0.09 during trading hours on Friday, hitting C$6.05. 2,045,500 shares of the company were exchanged, compared to its average volume of 2,336,443. Lundin Mining Co. has a one year low of C$5.86 and a one year high of C$10.22.

Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, July 25th. The mining company reported C$0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.10 by C$0.04. Lundin Mining had a return on equity of 14.83% and a net margin of 28.87%. The firm had revenue of C$603.57 million during the quarter, compared to analyst estimates of C$628.20 million.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Friday, September 7th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend was Thursday, September 6th.

A number of equities research analysts have weighed in on the company. CIBC reduced their target price on Lundin Mining from C$10.00 to C$9.00 in a report on Friday, August 31st. Barclays reiterated an “overweight” rating on shares of Lundin Mining in a research note on Wednesday. CSFB reiterated a “neutral” rating and issued a C$10.00 price target on shares of Lundin Mining in a research note on Monday, September 10th. Finally, National Bank Financial dropped their price target on Lundin Mining from C$11.25 to C$10.00 in a research note on Saturday, July 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$9.48.

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% interest 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 Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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