Lundin Mining Corp. (OTCMKTS:LUNMF) Short Interest Down 24.9% in July

Key Points

• Lundin Mining Corp. experienced a significant decline in short interest, dropping 24.9% in July, with a total of 11,623,600 shares reported short sold.
• The company's recent stock performance shows shares trading at $10.82, with a one year low of $6.30 and a high of $12.00.
• Lundin Mining has maintained a consensus analyst rating of "Buy", with five analysts giving it a strong buy rating, while the company also recently announced a dividend yield of 84.0%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,623,600 shares, adeclineof24.9% from the July 15th total of 15,481,100 shares. Approximately1.4% of the company's shares are short sold. Based on an average daily volume of 287,300 shares, the days-to-cover ratio is presently 40.5 days. Based on an average daily volume of 287,300 shares, the days-to-cover ratio is presently 40.5 days. Approximately1.4% of the company's shares are short sold.

Lundin Mining Stock Performance

Shares of LUNMF stock opened at $10.82 on Thursday. Lundin Mining has a one year low of $6.30 and a one year high of $12.00. The company's 50-day moving average is $10.49 and its 200 day moving average is $9.24. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of -541.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 1.88.

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 paid a dividend of $0.0198 per share. The ex-dividend date was Thursday, June 5th. This represents a yield of 84.0%. Lundin Mining's dividend payout ratio is currently -400.00%.

Wall Street Analyst Weigh In

LUNMF has been the topic of a number of research analyst reports. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. Dnb Nor Markets raised shares of Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. BMO Capital Markets raised shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. UBS Group downgraded shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial raised shares of Lundin Mining to a "hold" rating in a research report on Monday, June 30th. Five equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

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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