Lundin Mining (OTCMKTS:LUNMF) Sets New 1-Year High at $12.50

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.50 and last traded at $12.46, with a volume of 88528 shares. The stock had previously closed at $11.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets upgraded 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 research note on Wednesday, March 27th. Raymond James boosted their target price 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 analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Lundin Mining Price Performance

The business's fifty day simple moving average is $10.64 and its 200-day simple moving average is $8.65. 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 firm has a market cap of $9.66 billion, a P/E ratio of 40.62, a PEG ratio of 0.73 and a beta of 1.60.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). Lundin Mining had a net margin of 3.04% and a return on equity of 3.70%. The business had revenue of $937.00 million for the quarter. As a group, analysts forecast that Lundin Mining Co. will post 0.8 EPS for the current fiscal year.

Lundin Mining Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.0666 per share. This is a boost from Lundin Mining's previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 2.78%. Lundin Mining's payout ratio is presently 180.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.