Lundin Mining Co. (OTCMKTS:LUNMF – free report) has received a consensus rating of “Hold” from the 14 analysts currently tracking the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers who covered the stock in the past year is $24.25.
LUNMF has been the subject of several recent research reports. Canaccord Genuity Group upgraded Lundin Mining’s shares from a “hold” rating to a “buy” rating in a report on Friday, April 14. Stifel Nicolaus began coverage of Lundin Mining shares in an investigative report on Thursday, May 18. They put a “buy” rating on the stock. TD Securities upgraded Lundin Mining’s shares from a “hold” rating to a “buy” rating in a research note on Friday, June 2. Royal Bank of Canada raised its price target for shares of Lundin Mining from C$11.00 to C$12.00 in a report on Friday, May 5. Finally, National Bank Financial raised their target price on shares of Lundin Mining from C$8.75 to C$10.50 in a research note on Tuesday, April 18.
Mining trade in Lundin up 0.2%
Shares of LUNMF stock opened Tuesday at $7.85. The company has a market cap of $6.06 billion, a P/E ratio of 26.15, a P/E/G ratio of 3.22 and a beta of 1.58. Lundin Mining has a 12-month low of $4.54 and a 12-month high of $8.50. The stock’s 50-day simple moving average is $7.72 and its 200-day simple moving average is $7.02. The company has a quick ratio of 0.93, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.
Lundin Mining (OTCMKTS:LUNMF – Free Report) last published its quarterly results on Wednesday, May 3. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The company had revenue of $751.34 million during the quarter. Lundin Mining had a net margin of 8.15% and a return on equity of 5.78%. As a group, sell-side analysts forecast Lundin Mining to post 0.79 earnings per share for the current fiscal year.
Lundin Mining Cuts Dividend
The company also recently announced a dividend, which was paid on Wednesday, June 21. Investors with a record Friday, June 2, received a dividend of $0.0662 per share. This represents a return of 3.63%. The ex-dividend date was Thursday, June 1. Lundin Mining’s dividend payout ratio is currently 86.67%.
About the mining of Lundin
Lundin Mining Corporation, a diversified base metals mining company, is engaged in the exploration, development and mining of mineral properties in Brazil, Chile, Portugal, Sweden and the United States. It mainly produces copper, zinc, nickel and gold, as well as lead, silver and other metals. The company owns 100% of the Chapada mine in Brazil; the Neves-Corvo mine in Portugal; the Eagle mine in the United States; and the Zinkgruvan mine in Sweden.
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