Lundin Mining (OTCMKTS:LUNMF) Sets New 1-Year High - Here's Why

Key Points

• Lundin Mining shares hit a new 52-week high of $15.97 during trading, reflecting a price increase from the previous close of $15.05.
• Recent analyst ratings show a mix of sentiments, with four analysts rating the stock as a Strong Buy, two as a Buy, and four as Hold, leading to an average rating of "Buy."
• The company announced a dividend of $0.02, maintaining the previous level, which reflects a substantial dividend yield of 69.0%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $15.97 and last traded at $15.97, with a volume of 11204 shares changing hands. The stock had previously closed at $15.05.

Analysts Set New Price Targets

Several analysts recently commented on LUNMF shares. TD Securities reiterated a "buy" rating on shares of Lundin Mining in a research note on Wednesday, September 10th. Dnb Nor Markets raised shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Haywood Securities lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Raymond James Financial upgraded Lundin Mining to a "hold" rating in a report on Monday, June 30th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy".

Lundin Mining Stock Up 5.7%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 0.90. The firm's 50-day moving average price is $12.36 and its 200 day moving average price is $10.34. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of -795.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37.

Lundin Mining Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 24th. Stockholders of record on Monday, September 8th were given a $0.02 dividend. This is an increase from Lundin Mining's previous dividend of $0.02. This represents a dividend yield of 69.0%. The ex-dividend date was Friday, September 5th. Lundin Mining's dividend payout ratio (DPR) is currently -400.00%.

About Lundin Mining

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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