Lundin Mining Corp. (OTCMKTS:LUNMF) Given Consensus Recommendation of "Buy" by Analysts

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have earned an average recommendation of "Buy" from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company.

Several research firms have recently issued reports on LUNMF. BMO Capital Markets raised shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. TD Securities upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Dnb Nor Markets upgraded Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. Finally, Desjardins upgraded Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd.

Lundin Mining Price Performance

Shares of Lundin Mining stock traded up $0.56 during trading on Wednesday, hitting $11.08. 1,170,295 shares of the company were exchanged, compared to its average volume of 332,338. Lundin Mining has a fifty-two week low of $6.30 and a fifty-two week high of $11.96. The company has a quick ratio of 1.53, a current ratio of 1.88 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $9.49 and a 200 day moving average price of $8.73. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of -85.23, a P/E/G ratio of 0.90 and a beta of 1.35.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. Lundin Mining had a positive return on equity of 6.24% and a negative net margin of 2.34%. The company had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million. On average, equities analysts expect that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 25th. Investors of record on Friday, June 6th were issued a dividend of $0.0198 per share. This represents a yield of 0.84%. The ex-dividend date was Thursday, June 5th. Lundin Mining's payout ratio is -61.54%.

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.