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

Shares of Lundin Mining Co. (OTCMKTS:LUNMFGet Free Report) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.50.

LUNMF has been the subject of a number of recent research reports. 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 report on Wednesday, March 20th. BMO Capital Markets upgraded 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 report on Wednesday, March 27th.

Check Out Our Latest Research Report on LUNMF

Lundin Mining Price Performance

Lundin Mining stock opened at $11.49 on Monday. Lundin Mining has a one year low of $5.91 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57. The business has a fifty day moving average of $11.49 and a two-hundred day moving average of $9.24. The company has a market cap of $8.91 billion, a P/E ratio of 76.60, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60.

Lundin Mining (OTCMKTS:LUNMFGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $937.00 million for the quarter. Lundin Mining had a return on equity of 3.66% and a net margin of 3.04%. As a group, analysts predict that Lundin Mining will post 0.8 earnings per share for the current fiscal year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Monday, June 3rd will be paid a $0.0657 dividend. This represents a dividend yield of 2.2%. The ex-dividend date is Friday, May 31st. Lundin Mining’s dividend payout ratio is currently 180.00%.

About Lundin Mining

(Get Free Report

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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Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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