Lundin Mining Corp. (OTCMKTS:LUNMF) Given Consensus Recommendation of “Buy” by Analysts

Lundin Mining Corp. (OTCMKTS:LUNMF) has been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company.

LUNMF has been the topic of several research reports. TD Securities restated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, September 10th. Dnb Nor Markets upgraded Lundin Mining to a “hold” rating in a research note on Tuesday, June 17th. Raymond James Financial upgraded Lundin Mining to a “hold” rating in a research note on Monday, June 30th. Finally, Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at $15.05 on Friday. The firm has a market cap of $12.89 billion, a P/E ratio of -752.50, a P/E/G ratio of 0.67 and a beta of 1.37. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $15.80. The stock’s fifty day moving average price is $12.36 and its 200-day moving average price is $10.34.

Lundin Mining Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, September 24th. Shareholders of record on Monday, September 8th were paid a $0.02 dividend. This represents a yield of 69.0%. This is a boost from Lundin Mining’s previous dividend of $0.02. The ex-dividend date was Friday, September 5th. Lundin Mining’s payout ratio is presently -400.00%.

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.