Lundin Mining (OTCMKTS:LUNMF) Shares Gap Up - Time to Buy?

Key Points

• Lundin Mining's stock price gapped up from $12.72 to $13.52 before opening, with recent trading showing prices at $13.70 and a volume of 58,268 shares.
• Analyst ratings for Lundin Mining indicate a consensus of "Buy," with four analysts rating a strong buy, two a buy, and four a hold.
• The company has announced a dividend of $0.02 per share, reflecting a robust yield of 69.0%, to be paid on September 24th to stockholders of record as of September 8th.

Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.72, but opened at $13.52. Lundin Mining shares last traded at $13.70, with a volume of 58,268 shares traded.

Analyst Ratings Changes

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

Lundin Mining Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 0.90. The company's 50-day moving average is $11.16 and its 200-day moving average is $9.81. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of -689.33, a PEG ratio of 0.79 and a beta of 1.35.

Lundin Mining Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.02 per share. This represents a dividend yield of 69.0%. The ex-dividend date is Friday, September 5th. This is a positive change from Lundin Mining's previous dividend of $0.02. Lundin Mining's payout ratio is currently -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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