Lundin Mining (OTCMKTS:LUNMF) Reaches New 1-Year High at $10.87

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.87 and last traded at $10.77, with a volume of 44944 shares changing hands. The stock had previously closed at $10.74.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BMO Capital Markets upgraded shares of Lundin Mining from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James upped their price target on shares of Lundin Mining from $9.50 to $11.50 and gave the stock a "market perform" rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $11.56.

Lundin Mining Stock Performance

The company has a market cap of $8.32 billion, a PE ratio of 33.56, a P/E/G ratio of 1.45 and a beta of 1.67. The stock's 50 day moving average is $8.79 and its 200-day moving average is $7.75. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.20.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. The firm had revenue of $1.06 billion during the quarter. As a group, sell-side analysts anticipate that Lundin Mining Co. will post 0.59 EPS for the current year.

Lundin Mining Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be paid a $0.0666 dividend. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 2.78%. This is an increase from Lundin Mining's previous dividend of $0.07. Lundin Mining's dividend payout ratio is currently 84.38%.

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.