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

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) has been given a consensus rating of "Strong Buy" by the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the company.

Several equities research analysts recently issued reports on LUNMF shares. UBS Group cut shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. BMO Capital Markets upgraded shares of Lundin Mining to a "strong-buy" rating in a report on Friday. Scotiabank reaffirmed an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Finally, Desjardins raised Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd.

Lundin Mining Price Performance

Shares of LUNMF stock traded down $0.11 during trading hours on Friday, reaching $10.38. The company had a trading volume of 1,522,165 shares, compared to its average volume of 312,343. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $11.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 0.36 and a beta of 1.34. The stock has a fifty day moving average of $8.58 and a 200-day moving average of $8.67.

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

Lundin Mining Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th will be given a dividend of $0.0198 per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 5th. Lundin Mining's dividend payout ratio is presently -61.54%.

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.