Lundin Mining Co. (OTCMKTS:LUNMF) Short Interest Update

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 13,051,900 shares, a decline of 18.1% from the April 15th total of 15,937,300 shares. Based on an average trading volume of 238,700 shares, the short-interest ratio is currently 54.7 days.

Lundin Mining Stock Down 1.3 %

OTCMKTS LUNMF traded down $0.16 on Wednesday, hitting $12.30. 55,861 shares of the stock were exchanged, compared to its average volume of 179,274. Lundin Mining has a fifty-two week low of $5.91 and a fifty-two week high of $12.65. The company has a 50-day moving average price of $10.80 and a 200-day moving average price of $8.72. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.20. The company has a market cap of $9.53 billion, a PE ratio of 82.00, 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 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). The firm had revenue of $937.00 million for the quarter. Lundin Mining had a return on equity of 3.70% and a net margin of 3.04%. Sell-side analysts anticipate that Lundin Mining will post 0.8 EPS for the current fiscal year.

Lundin Mining Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a $0.0666 dividend. The ex-dividend date was 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 presently 180.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded Lundin Mining from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James boosted their price objective on Lundin Mining from $9.50 to $11.50 and gave the company a "market perform" rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

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.