Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $10.10, but opened at $9.56. Lundin Mining shares last traded at $9.96, with a volume of 16,126 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a report on Monday, May 5th. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Raymond James Financial raised Lundin Mining to a "hold" rating in a research note on Monday, June 30th. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Finally, UBS Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy".
Check Out Our Latest Research Report on Lundin Mining
Lundin Mining Stock Performance
The stock has a market capitalization of $9.86 billion, a P/E ratio of -88.62, a PEG ratio of 0.82 and a beta of 1.35. The stock's 50-day simple moving average is $10.30 and its 200 day simple moving average is $9.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.88 and a quick ratio of 1.53.
Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $963.90 million during the quarter, compared to analysts' expectations of $914.31 million. Lundin Mining had a negative net margin of 2.34% and a positive return on equity of 6.24%. Research analysts expect that Lundin Mining Corp. will post 0.53 EPS for the current fiscal year.
Lundin Mining Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th were given a dividend of $0.0198 per share. The ex-dividend date was Thursday, June 5th. This represents a yield of 84.0%. Lundin Mining's dividend payout ratio (DPR) is presently -61.54%.
About Lundin Mining
(
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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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