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

Lundin Mining logo with Basic Materials background

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) declared a dividend on Saturday, May 31st, investing.com reports. Shareholders 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 of this dividend is Thursday, June 5th.

Lundin Mining Price Performance

Shares of LUNMF traded up $0.07 during mid-day trading on Wednesday, hitting $9.80. The company's stock had a trading volume of 203,851 shares, compared to its average volume of 297,623. The firm has a 50-day simple moving average of $8.35 and a 200 day simple moving average of $8.66. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $11.96. The firm has a market capitalization of $8.40 billion, a P/E ratio of 27.22, a P/E/G ratio of 0.36 and a beta of 1.29. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts' expectations of $914.31 million. Analysts predict that Lundin Mining will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on LUNMF. 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 report on Wednesday, April 16th. The Goldman Sachs Group raised Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th. UBS Group downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

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Lundin Mining Company Profile

(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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