Lundin Mining (OTCMKTS:LUNMF) Rating Increased to Strong-Buy at BMO Capital Markets

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

LUNMF has been the subject of a number of other research reports. Scotiabank reiterated an "outperform" rating on shares of Lundin Mining in a research note on Monday, May 5th. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. TD Securities raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 15th. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat, Lundin Mining has an average rating of "Strong Buy".

Lundin Mining Stock Down 1.0%

Shares of LUNMF traded down $0.11 during trading hours on Friday, reaching $10.38. The stock had a trading volume of 1,522,165 shares, compared to its average volume of 312,343. The firm has a 50-day simple moving average of $8.58 and a 200 day simple moving average of $8.67. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $11.96. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 0.36 and a beta of 1.34.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $963.90 million for the quarter, compared to analyst estimates of $914.31 million. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. Equities research analysts predict that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

Lundin Mining Cuts Dividend

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