Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report) shares 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.
Analysts Set New Price Targets
A number of brokerages have issued reports on LUNMF. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. BMO Capital Markets upgraded Lundin Mining from an "outperform" rating to a "strong-buy" rating in a research note on Friday, June 6th. The Goldman Sachs Group raised Lundin Mining from a "buy" rating to a "strong-buy" rating in a report on Thursday, March 6th. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and five have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".
Check Out Our Latest Stock Report on Lundin Mining
Lundin Mining Price Performance
The business has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $8.76. The firm has a market capitalization of $9.35 billion, a P/E ratio of -84.08, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 1.88.
Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $963.90 million for 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%. On average, sell-side analysts expect that Lundin Mining Corp. will post 0.53 EPS for the current fiscal year.
Lundin Mining Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, June 6th were issued a $0.0198 dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, June 5th. Lundin Mining's payout ratio is -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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