Lundin Mining Co. (OTCMKTS:LUNMF) Given Consensus Rating of "Strong Buy" by Analysts

Shares of Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) have earned an average rating of "Strong Buy" from the six analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company.

Several research analysts recently weighed in on LUNMF shares. Scotiabank reaffirmed an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. Desjardins upgraded shares of Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. TD Securities raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th.

Lundin Mining Price Performance

Shares of LUNMF stock traded down $0.18 during midday trading on Tuesday, reaching $8.80. 144,156 shares of the company were exchanged, compared to its average volume of 290,821. The company's 50 day moving average price is $8.24 and its two-hundred day moving average price is $8.71. The company has a market cap of $7.57 billion, a P/E ratio of 24.44, a PEG ratio of 0.36 and a beta of 1.29. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $13.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The firm had revenue of $963.90 million during the quarter, compared to analyst estimates of $914.31 million. On average, sell-side analysts expect that Lundin Mining will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 24th were issued a dividend of $0.0634 per share. The ex-dividend date was Friday, March 21st. This represents a yield of 2.79%. Lundin Mining's payout ratio is presently -53.85%.

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.