Lundin Mining Co. (OTCMKTS:LUNMF) Receives Consensus Recommendation of "Strong Buy" from Analysts

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

LUNMF has been the subject of a number of research reports. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. The Goldman Sachs Group raised shares of Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th.

Lundin Mining Stock Down 0.2%

Shares of OTCMKTS LUNMF opened at $10.56 on Friday. The firm has a market cap of $9.05 billion, a PE ratio of 29.33, a P/E/G ratio of 0.36 and a beta of 1.34. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $11.96. The company's fifty day simple moving average is $8.48 and its 200 day simple moving average is $8.68. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. As a group, sell-side analysts forecast that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

Lundin Mining Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Friday, June 6th will be issued a $0.0198 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a dividend yield of 0.84%. Lundin Mining's payout ratio is -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.

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