Lundin Mining (OTCMKTS:LUNMF) Hits New 12-Month Low - Should You Sell?

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $6.58 and last traded at $6.68, with a volume of 747292 shares trading hands. The stock had previously closed at $7.55.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LUNMF shares. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th.

Lundin Mining Price Performance

The company has a 50 day moving average of $8.32 and a 200 day moving average of $9.09. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The company had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. As a group, equities research analysts forecast that Lundin Mining Co. will post 0.53 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th will be paid a $0.0634 dividend. This represents a dividend yield of 2.79%. The ex-dividend date is Friday, March 21st. Lundin Mining's dividend payout ratio is currently -92.31%.

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.