Lundin Mining Corp. (OTCMKTS:LUNMF) Given Average Rating of "Buy" by Brokerages

Key Points

• Lundin Mining Corp. has received an average recommendation of "Buy" from nine brokerages, with three analysts suggesting a hold and five recommending a strong buy.
• The company recently announced a dividend payment of $0.0198 per share, yielding 84.0%, despite a dividend payout ratio of -400.00%.
• Lundin Mining's stock performance shows a current price of $10.82, with a twelve-month low of $6.30 and a high of $12.00, indicating significant market volatility.

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have been assigned an average rating of "Buy" from the nine analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the company.

Several equities analysts have recently issued reports on LUNMF shares. BMO Capital Markets raised Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. Scotiabank reaffirmed an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. UBS Group downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Dnb Nor Markets upgraded Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Finally, Raymond James Financial upgraded Lundin Mining to a "hold" rating in a report on Monday, June 30th.

Lundin Mining Stock Up 1.2%

Shares of Lundin Mining stock traded up $0.1380 during trading on Thursday, hitting $11.4880. The company's stock had a trading volume of 14,920 shares, compared to its average volume of 312,621. The company has a fifty day simple moving average of $10.53 and a two-hundred day simple moving average of $9.29. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.45. The company has a market capitalization of $9.83 billion, a PE ratio of -574.40, a P/E/G ratio of 0.75 and a beta of 1.35. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $12.00.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 6th were paid a dividend of $0.0198 per share. The ex-dividend date was Thursday, June 5th. This represents a dividend yield of 84.0%. Lundin Mining's payout ratio is -350.00%.

Lundin Mining Company Profile

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.