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

Key Points

• Lundin Mining Corp. (OTCMKTS:LUNMF) has received a consensus recommendation of "Buy" from analysts, with various ratings including three holds, two buys, and four strong buys.
• The company announced an increase in its dividend, which will now pay $0.02 per share, representing a yield of 69.0%.
• Lundin Mining's current stock performance shows a market capitalization of $10.14 billion and a recent stock price of $11.84.

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have earned an average rating of "Buy" from the ten analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and four have assigned a strong buy rating to the company.

Several analysts recently issued reports on the company. BMO Capital Markets raised Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research note on Friday, June 6th. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. Haywood Securities cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Raymond James Financial raised Lundin Mining to a "hold" rating in a research note on Monday, June 30th. Finally, TD Securities reissued a "buy" rating on shares of Lundin Mining in a research note on Wednesday, September 10th.

Lundin Mining Trading Up 1.5%

Shares of LUNMF traded up $0.18 during trading hours on Monday, hitting $12.16. The company had a trading volume of 9,322 shares, compared to its average volume of 309,366. The firm has a market cap of $10.41 billion, a P/E ratio of -608.00, a P/E/G ratio of 0.78 and a beta of 1.35. The stock's 50 day moving average price is $11.02 and its 200 day moving average price is $9.71. The company has a quick ratio of 0.90, a current ratio of 1.45 and a debt-to-equity ratio of 0.06. Lundin Mining has a 52-week low of $6.30 and a 52-week high of $12.27.

Lundin Mining Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Monday, September 8th will be given a dividend of $0.02 per share. This represents a yield of 69.0%. The ex-dividend date of this dividend is Friday, September 5th. This is a positive change from Lundin Mining's previous dividend of $0.02. Lundin Mining's payout ratio is presently -400.00%.

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.