Lundin Mining (OTCMKTS:LUNMF) Reaches New 1-Year High at $12.17

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $12.17 and last traded at $12.13, with a volume of 61830 shares trading hands. The stock had previously closed at $11.83.

Analysts Set New Price Targets

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

Lundin Mining Price Performance

The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $7.87. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 36.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.67.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.06). The company had revenue of $1.06 billion during the quarter. Lundin Mining had a return on equity of 5.13% and a net margin of 7.12%. On average, equities research analysts forecast that Lundin Mining Co. will post 0.59 EPS for the current fiscal year.

Lundin Mining Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.0666 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 2.78%. This is a positive change from Lundin Mining's previous dividend of $0.07. Lundin Mining's dividend payout ratio (DPR) is 84.38%.

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.