Lundin Mining (OTCMKTS:LUNMF) Upgraded by BMO Capital Markets to Strong-Buy Rating

BMO Capital Markets upgraded shares of Lundin Mining (OTCMKTS:LUNMF - Free Report) to a strong-buy rating in a research report released on Friday,Zacks.com reports.

Several other research firms also recently commented on LUNMF. UBS Group downgraded Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. The Goldman Sachs Group raised shares of Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. One analyst has 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, Lundin Mining presently has a consensus rating of "Strong Buy".

Lundin Mining Stock Down 0.2%

Shares of OTCMKTS LUNMF traded down $0.02 during mid-day trading on Friday, reaching $10.56. 274,430 shares of the company traded hands, compared to its average volume of 301,113. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $9.05 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 0.36 and a beta of 1.34. The company's fifty day moving average is $8.48 and its two-hundred day moving average is $8.66. Lundin Mining has a fifty-two week low of $6.30 and a fifty-two week high of $11.96.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced 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. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The company had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million. On average, analysts expect that Lundin Mining will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, June 6th will be issued a dividend of $0.0198 per share. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 0.84%. Lundin Mining's payout ratio is presently -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.