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

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) have been assigned a consensus rating of "Buy" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the company.

A number of research analysts recently weighed in on LUNMF shares. Raymond James Financial raised Lundin Mining to a "hold" rating in a report on Monday, June 30th. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a report on Monday, May 5th. Desjardins raised Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th.

Lundin Mining Trading Down 0.9%

Shares of LUNMF stock opened at $10.18 on Friday. The business's fifty day moving average price is $10.12 and its 200 day moving average price is $8.95. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $11.50. The firm has a market capitalization of $8.71 billion, a PE ratio of -78.28, a P/E/G ratio of 0.82 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.53.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million. As a group, sell-side analysts forecast that Lundin Mining will post 0.53 EPS for the current fiscal year.

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. This represents a dividend 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.

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