Lundin Mining (OTCMKTS:LUNMF) Reaches New 1-Year High – Still a Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF) shares reached a new 52-week high during trading on Friday . The stock traded as high as $18.90 and last traded at $18.61, with a volume of 1821 shares traded. The stock had previously closed at $17.93.

Analyst Ratings Changes

Several brokerages have weighed in on LUNMF. Haywood Securities cut Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Cormark cut Lundin Mining from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Wall Street Zen lowered Lundin Mining from a “buy” rating to a “hold” rating in a report on Monday, November 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, October 28th. Finally, TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Lundin Mining has an average rating of “Moderate Buy”.

Lundin Mining Stock Up 2.7%

The company has a market cap of $16.04 billion, a PE ratio of -936.25, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $16.07 and its 200 day moving average is $12.50.

Lundin Mining Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 24th. Investors of record on Monday, September 8th were given 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 of this dividend was Friday, September 5th. Lundin Mining’s dividend payout ratio is presently 175.00%.

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.