Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down - Should You Sell?

Key Points

• Lundin Mining's shares gapped down from a previous close of $13.74 to open at $13.12, trading at $13.95 with a volume of 199,041 shares.
• Analyst ratings for Lundin Mining show a mix, with four analysts issuing a Strong Buy rating and others recommending a Hold, resulting in an average rating of Buy.
• The company announced a dividend increase to $0.02 per share with a substantial dividend yield of 69.0%, despite a payout ratio of -400.00%.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $13.74, but opened at $13.12. Lundin Mining shares last traded at $13.95, with a volume of 199,041 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LUNMF shares. TD Securities reissued a "buy" rating on shares of Lundin Mining in a report on Wednesday, September 10th. Haywood Securities cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Dnb Nor Markets raised Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Raymond James Financial raised Lundin Mining to a "hold" rating in a report on Monday, June 30th. Finally, BMO Capital Markets raised Lundin Mining from an "outperform" rating to a "strong-buy" rating in a report on Friday, June 6th. Four investment 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's stock. Based on data from MarketBeat.com, Lundin Mining has an average rating of "Buy".

Lundin Mining Price Performance

The stock has a market capitalization of $12.11 billion, a P/E ratio of -707.50, a PEG ratio of 0.87 and a beta of 1.35. 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 fifty day simple moving average of $11.31 and a two-hundred day simple moving average of $9.87.

Lundin Mining Increases Dividend

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