Lundin Mining (OTCMKTS:LUNMF) Reaches New 1-Year High at $13.07

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $13.07 and last traded at $13.07, with a volume of 62455 shares trading hands. The stock had previously closed at $12.84.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LUNMF. BMO Capital Markets upgraded shares of Lundin Mining from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James boosted 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 note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Lundin Mining Trading Up 1.8 %

The firm's 50-day moving average is $11.05 and its 200 day moving average is $8.87. 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 capitalization of $10.13 billion, a price-to-earnings ratio of 87.13, a P/E/G ratio of 0.80 and a beta of 1.60.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly 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). The firm had revenue of $937.00 million during the quarter. Lundin Mining had a return on equity of 3.70% and a net margin of 3.04%. On average, equities analysts predict that Lundin Mining Co. will post 0.8 earnings per share for the current fiscal year.

Lundin Mining Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were paid a $0.0666 dividend. The ex-dividend date was 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 payout ratio is currently 180.00%.

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.