Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up - What's Next?

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.08, but opened at $11.50. Lundin Mining shares last traded at $10.90, with a volume of 9,539 shares trading hands.

Analysts Set New Price Targets

LUNMF has been the subject of several recent research reports. UBS Group lowered Lundin Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, May 2nd. 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. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Desjardins raised Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Three equities research 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 company's stock. According to MarketBeat, Lundin Mining presently has an average rating of "Buy".

Lundin Mining Stock Performance

The company has a quick ratio of 1.53, a current ratio of 1.88 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $9.63 and a 200-day moving average price of $8.79. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of -84.08, a P/E/G ratio of 0.90 and a beta of 1.35.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million. Lundin Mining had a positive return on equity of 6.24% and a negative net margin of 2.34%. As a group, equities research analysts forecast that Lundin Mining Corp. will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th were given a $0.0198 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a yield of 0.84%. Lundin Mining's dividend payout ratio (DPR) is -61.54%.

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.