Lundin Mining (LUNMF) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lundin Mining in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LUNMF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LUNMF, but not buy additional shares or sell existing shares.
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13 brokerages have issued 1-year price targets for Lundin Mining's stock. Their LUNMF share price forecasts range from $8.50 to $74.00. On average, they expect the company's stock price to reach $24.25 in the next twelve months. This suggests a possible upside of 223.3% from the stock's current price.
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Lundin Mining's stock was trading at $6.14 on January 1st, 2023. Since then, LUNMF stock has increased by 22.1% and is now trading at $7.50.
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Lundin Mining saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 9,931,700 shares, an increase of 84.6% from the April 30th total of 5,381,200 shares. Based on an average daily volume of 88,700 shares, the days-to-cover ratio is presently 112.0 days.
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Lundin Mining Co. (OTCMKTS:LUNMF) announced its quarterly earnings data on Wednesday, May, 3rd. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.05. The basic materials company had revenue of $751.34 million for the quarter. Lundin Mining had a trailing twelve-month return on equity of 5.84% and a net margin of 8.15%.

Lundin Mining announced a dividend on Wednesday, May 31st. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.0662 per share on Wednesday, June 21st. This represents a yield of 3.63%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for LUNMF.

Lundin Mining (OTCMKTS:LUNMF) pays an annual dividend of $0.27 per share and currently has a dividend yield of 3.71%. The dividend payout ratio is 90.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LUNMF will have a dividend payout ratio of 31.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LUNMF.

Lundin Mining trades on the OTCMKTS under the ticker symbol "LUNMF."

Shares of LUNMF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LUNMF stock can currently be purchased for approximately $7.50.

Lundin Mining (OTCMKTS:LUNMF) has a market capitalization of $5.79 billion and generates $3.04 billion in revenue each year. The basic materials company earns $426.85 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 4,567 workers across the globe.

Lundin Mining's mailing address is 150 King Street West Suite 1500 PO Box 38, Toronto A6, M5H 1J9. The official website for the company is www.lundinmining.com. The basic materials company can be reached via phone at (416) 342-5560, via email at mark.turner@lundinmining.com, or via fax at 416-348-0303.