Lundin Mining (OTCMKTS:LUNMF) Sets New 12-Month High - What's Next?

Key Points

• Lundin Mining Corp. reached a new 52-week high of $15.53 during trading, closing at $15.15 with a trading volume of 86,934 shares.
• Several analysts have given mixed ratings for Lundin Mining, with four analysts issuing a Strong Buy rating, while others have rated it as Hold.
• The company announced a dividend increase to $0.02 per share, reflecting a significant yield of 69.0% for stockholders.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $15.53 and last traded at $15.15, with a volume of 86934 shares traded. The stock had previously closed at $15.20.

Analysts Set New Price Targets

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

Lundin Mining Price Performance

The firm has a market cap of $12.98 billion, a price-to-earnings ratio of -757.55, a price-to-earnings-growth ratio of 0.70 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.45. The company's fifty day moving average is $11.96 and its two-hundred day moving average is $10.17.

Lundin Mining Increases Dividend

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

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.

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