Lundin Mining Co. (OTCMKTS:LUNMF) Receives $11.43 Consensus Price Target from Brokerages

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.43.

LUNMF has been the subject of a number of analyst reports. BMO Capital Markets raised shares of Lundin Mining from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, March 27th. Raymond James upped their target price 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.

Lundin Mining Stock Down 0.1 %

Shares of OTCMKTS LUNMF traded down $0.01 during midday trading on Friday, hitting $11.34. The stock had a trading volume of 193,333 shares, compared to its average volume of 216,796. The company has a market cap of $8.78 billion, a P/E ratio of 35.44, a PEG ratio of 0.68 and a beta of 1.67. The business's 50 day moving average is $9.25 and its 200-day moving average is $7.96. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $12.17. 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 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.06). Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. The business had revenue of $1.06 billion for the quarter. As a group, analysts predict that Lundin Mining will post 0.84 EPS for the current year.

Lundin Mining Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a $0.0666 dividend. This represents a yield of 2.78%. The ex-dividend date was Thursday, March 21st. This is an increase from Lundin Mining's previous dividend of $0.07. Lundin Mining's dividend payout ratio (DPR) is currently 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.