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

Key Points

• Lundin Mining Corp. has reached a new 52-week high of $12.30 during trading, marking a significant increase from its previous close at $11.98.
• The company has a consensus rating of "Buy" among equity research analysts, with a mix of ratings that include four "Strong Buy," two "Buy," and four "Hold" ratings.
• Lundin Mining recently announced a dividend increase to $0.02 per share, which will be paid on September 24th, representing a notable yield of 69.0%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as $12.30 and last traded at $12.27, with a volume of 52400 shares changing hands. The stock had previously closed at $11.98.

Analyst Ratings Changes

LUNMF has been the topic of a number of recent research reports. BMO Capital Markets raised shares of Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research report on Friday, June 6th. Raymond James Financial raised shares of Lundin Mining to a "hold" rating in a research note on Monday, June 30th. Haywood Securities cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. Finally, TD Securities reissued a "buy" rating on shares of Lundin Mining in a report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Lundin Mining Price Performance

The firm has a fifty day moving average of $11.11 and a 200 day moving average of $9.78. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $10.71 billion, a P/E ratio of -625.50, a P/E/G ratio of 0.77 and a beta of 1.35.

Lundin Mining Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Monday, September 8th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, September 5th. This represents a yield of 69.0%. This is a boost from Lundin Mining's previous dividend of $0.02. Lundin Mining's dividend payout ratio (DPR) is presently -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.