Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $11.56 and last traded at $11.56, with a volume of 28697 shares. The stock had previously closed at $11.40.
Wall Street Analysts Forecast Growth
LUNMF has been the subject of several recent research reports. Raymond James Financial raised Lundin Mining to a "hold" rating in a report on Monday, June 30th. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. BMO Capital Markets raised Lundin Mining from an "outperform" rating to a "strong-buy" rating in a report on Friday, June 6th. Finally, UBS Group downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat, Lundin Mining currently has a consensus rating of "Buy".
View Our Latest Research Report on Lundin Mining
Lundin Mining Trading Up 1.1%
The company has a quick ratio of 1.53, a current ratio of 1.88 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $9.11. The company has a market cap of $9.92 billion, a price-to-earnings ratio of -579.40, a P/E/G ratio of 0.75 and a beta of 1.35.
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 paid 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 payout ratio is -400.00%.
About Lundin Mining
(
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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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