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Lundin Mining Co. Declares Dividend of $0.02 (OTCMKTS:LUNMF)

Lundin Mining logo with Basic Materials background

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) announced a dividend on Saturday, May 31st, investing.com reports. Investors of record on Friday, June 6th will be given a dividend of 0.0198 per share by the basic materials company on Wednesday, June 25th. This represents a yield of 0.84%. The ex-dividend date is Thursday, June 5th.

Lundin Mining Price Performance

LUNMF stock traded up $0.26 during midday trading on Monday, reaching $9.73. 543,337 shares of the company's stock traded hands, compared to its average volume of 298,533. The company has a 50-day simple moving average of $8.31 and a two-hundred day simple moving average of $8.65. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $11.96. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 0.36 and a beta of 1.29. 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 released its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $963.90 million during the quarter, compared to analysts' expectations of $914.31 million. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, analysts anticipate that Lundin Mining will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

LUNMF has been the subject of several research reports. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group raised Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Desjardins raised Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, UBS Group cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, Lundin Mining has an average rating of "Strong Buy".

Check Out Our Latest Report on LUNMF

About Lundin Mining

(Get Free Report)

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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Dividend History for Lundin Mining (OTCMKTS:LUNMF)

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