Lundin Mining Corp. (OTCMKTS:LUNMF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.83 and traded as high as $10.49. Lundin Mining shares last traded at $10.30, with a volume of 182,522 shares changing hands.
Analysts Set New Price Targets
A number of research firms have recently weighed in on LUNMF. Scotiabank reissued an "outperform" rating on shares of Lundin Mining in a research report on Monday, May 5th. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. UBS Group lowered shares of Lundin Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 2nd. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and five have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy".
Read Our Latest Stock Report on Lundin Mining
Lundin Mining Trading Up 1.2%
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 firm's 50 day simple moving average is $9.76 and its two-hundred day simple moving average is $8.83. The stock has a market cap of $8.92 billion, a P/E ratio of -80.18, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35.
Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Lundin Mining had a negative net margin of 2.34% and a positive return on equity of 6.24%. The company had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million. As a group, equities research analysts predict that Lundin Mining Corp. will post 0.53 earnings per share for the current fiscal year.
Lundin Mining Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, June 25th. Stockholders of record on Friday, June 6th were issued a dividend of $0.0198 per share. This represents a dividend yield of 0.84%. The ex-dividend date was Thursday, June 5th. Lundin Mining's dividend payout ratio (DPR) 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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