Lundin Mining (OTCMKTS:LUNMF) Sets New 1-Year High - Should You Buy?

Key Points

• Lundin Mining shares reached a new 52-week high of $12.27, with the stock last trading at $11.99, following a volume of 25,476 shares.
• Analysts have upgraded Lundin Mining's stock rating, with five giving it a "Strong Buy" rating and an average rating of "Buy" from multiple investment analysts.
• The company recently announced a dividend increase, with a payout of $0.02 scheduled for September 24th, representing a significant dividend yield of 69.0%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $12.27 and last traded at $11.99, with a volume of 25476 shares trading hands. The stock had previously closed at $11.71.

Analysts Set New Price Targets

LUNMF has been the subject of several research reports. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. BMO Capital Markets upgraded shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Raymond James Financial upgraded shares of Lundin Mining to a "hold" rating in a research report on Monday, June 30th. Five investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

Lundin Mining Stock Performance

The stock's 50 day simple moving average is $10.82 and its two-hundred day simple moving average is $9.52. 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 stock has a market cap of $10.35 billion, a P/E ratio of -604.50, a price-to-earnings-growth ratio of 0.78 and a beta of 1.35.

Lundin Mining Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Monday, September 8th will be given a $0.02 dividend. This is a boost from Lundin Mining's previous dividend of $0.02. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend is Friday, September 5th. Lundin Mining's payout ratio is presently -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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