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 received an average recommendation of "Buy" from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and four have assigned a strong buy recommendation to the company.

A number of research firms have weighed in on LUNMF. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. TD Securities reissued a "buy" rating on shares of Lundin Mining in a research note on Wednesday. BMO Capital Markets raised Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Raymond James Financial raised Lundin Mining to a "hold" rating in a research note on Monday, June 30th.

Lundin Mining Stock Performance

Shares of OTCMKTS:LUNMF opened at $11.84 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 0.90. The business's 50 day moving average price is $10.90 and its 200-day moving average price is $9.62. The firm has a market capitalization of $10.14 billion, a PE ratio of -592.00, a P/E/G ratio of 0.77 and a beta of 1.35. Lundin Mining has a 1 year low of $6.30 and a 1 year high of $12.27.

Lundin Mining Increases Dividend

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

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.

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