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Lundin Mining (OTCMKTS:LUNMF) Sets New 12-Month High - Here's Why

Lundin Mining logo with Basic Materials background

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%.
  • Want stock alerts on Lundin Mining? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

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

(Get Free Report)

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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