Lundin Mining (OTCMKTS:LUNMF) Hits New 1-Year High - Time to Buy?

Key Points

• Lundin Mining Corp. reached a new 52-week high of $11.56, with recent trading volumes of 28,697 shares.
• Analysts have mixed ratings on Lundin Mining, with three holding onto a "hold" rating while five assigned a "strong buy," indicating varying levels of confidence in the stock.
• The company recently paid a dividend of $0.0198 per share with a yield of 84.0%, though it has a negative dividend payout ratio of -61.54%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $11.56 and last traded at $11.56, with a volume of 28697 shares trading hands. The stock had previously closed at $11.40.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LUNMF. UBS Group lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Scotiabank restated an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. Finally, Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy".

Lundin Mining Price Performance

The business has a 50-day simple moving average of $10.30 and a 200 day simple moving average of $9.05. The stock has a market cap of $9.92 billion, a P/E ratio of -89.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.35. The company has a current ratio of 1.88, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27.

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 analysts' consensus estimates of $0.11. The firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million. Lundin Mining had a negative net margin of 2.34% and a positive return on equity of 6.24%. On average, analysts forecast that Lundin Mining Corp. will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, June 6th were given a dividend of $0.0198 per share. This represents a dividend yield of 84.0%. The ex-dividend date of this dividend was Thursday, June 5th. Lundin Mining's dividend payout ratio is currently -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.

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