Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Average Recommendation of "Buy" from Brokerages

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

Several research firms have issued reports on LUNMF. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Dnb Nor Markets upgraded Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. UBS Group lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, TD Securities upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th.

Lundin Mining Trading Down 1.4%

LUNMF traded down $0.15 during trading on Wednesday, reaching $10.93. The company had a trading volume of 178,797 shares, compared to its average volume of 472,228. The stock has a market cap of $9.35 billion, a P/E ratio of -84.08, a PEG ratio of 0.90 and a beta of 1.35. The business has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $8.78. Lundin Mining has a 52 week low of $6.30 and a 52 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.

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 (EPS) 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 during the quarter, compared to the consensus estimate of $914.31 million. On average, equities analysts anticipate that Lundin Mining will post 0.53 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

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