Lundin Mining Co. (OTCMKTS:LUNMF) Given Consensus Rating of “Moderate Buy” by Analysts

Lundin Mining Co. (OTCMKTS:LUNMF) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $11.50.

Several research analysts have commented on the stock. Raymond James upped their target price on shares of Lundin Mining from $9.50 to $11.50 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. BMO Capital Markets upgraded shares of Lundin Mining from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th.

Lundin Mining Stock Performance

LUNMF stock opened at $11.54 on Thursday. Lundin Mining has a 1 year low of $5.91 and a 1 year high of $12.17. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 76.93, a PEG ratio of 0.69 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.48. The stock’s fifty day moving average is $10.41 and its two-hundred day moving average is $8.52.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Lundin Mining had a return on equity of 3.70% and a net margin of 3.04%. The firm had revenue of $1.06 billion during the quarter. On average, research analysts predict that Lundin Mining will post 0.8 EPS for the current year.

Lundin Mining Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a $0.0666 dividend. The ex-dividend date was Thursday, March 21st. This is a boost from Lundin Mining’s previous dividend of $0.07. This represents a dividend yield of 2.78%. Lundin Mining’s dividend payout ratio (DPR) is 173.33%.

About Lundin Mining

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.