Shares of Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.43.
A number of brokerages recently commented on LUNMF. Raymond James lifted their price objective on Lundin Mining from $9.50 to $11.50 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. BMO Capital Markets raised Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, March 27th.
Read Our Latest Stock Report on LUNMF
Lundin Mining Stock Down 1.4 %
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. The firm had revenue of $1.06 billion during the quarter. On average, equities research analysts forecast that Lundin Mining will post 0.84 EPS for the current year.
Lundin Mining Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a $0.0666 dividend. This represents a dividend yield of 2.78%. This is a positive change from Lundin Mining’s previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s payout ratio is 84.38%.
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.
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