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

Key Points

• Lundin Mining Corp. has received a consensus recommendation of "Buy" from nine brokerages, with ratings ranging from hold to strong buy.
• The company's shares recently traded at $10.18, with a market cap of $8.71 billion and a negative return on equity of 2.34%.
• Lundin Mining recently cut its dividend, paying $0.0198 per share, which reflects a dividend yield of 0.84%.

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

A number of research analysts have issued reports on LUNMF shares. BMO Capital Markets upgraded Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. Raymond James Financial upgraded Lundin Mining to a "hold" rating in a report on Monday, June 30th. Scotiabank restated an "outperform" rating on shares of Lundin Mining in a report on Monday, May 5th. TD Securities upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Dnb Nor Markets upgraded Lundin Mining to a "hold" rating in a report on Tuesday, June 17th.

Lundin Mining Trading Down 2.1%

OTCMKTS:LUNMF traded down $0.21 during mid-day trading on Friday, reaching $9.86. The company's stock had a trading volume of 122,711 shares, compared to its average volume of 328,437. The company's fifty day simple moving average is $10.17 and its two-hundred day simple moving average is $8.97. 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 has a twelve month low of $6.30 and a twelve month high of $11.50. The stock has a market cap of $8.44 billion, a P/E ratio of -75.85, a P/E/G ratio of 0.80 and a beta of 1.35.

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

Lundin Mining Cuts Dividend

The firm also recently declared 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. The ex-dividend date was Thursday, June 5th. This represents a yield of 0.84%. Lundin Mining's dividend 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.