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

Lundin Mining Co. (OTCMKTS:LUNMFGet Rating) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 17,656,300 shares, a growth of 17.3% from the August 15th total of 15,047,800 shares. Based on an average daily volume of 161,300 shares, the short-interest ratio is presently 109.5 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on LUNMF. Raymond James reduced their price objective on Lundin Mining from C$12.00 to C$11.00 in a research note on Wednesday, August 24th. Stifel Nicolaus reduced their price target on Lundin Mining from C$14.00 to C$12.50 in a research report on Friday, July 29th. Morgan Stanley reduced their price target on Lundin Mining from SEK 94 to SEK 88 and set an “equal weight” rating on the stock in a research report on Thursday, June 23rd. Scotiabank reduced their price target on Lundin Mining from C$10.00 to C$8.50 in a research report on Friday, July 29th. Finally, The Goldman Sachs Group lowered Lundin Mining from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 13th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.92.

Lundin Mining Trading Up 0.8 %

Shares of OTCMKTS LUNMF opened at $5.34 on Monday. Lundin Mining has a twelve month low of $4.84 and a twelve month high of $11.25. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 5.62 and a beta of 1.59. The business has a 50 day simple moving average of $5.48 and a 200-day simple moving average of $7.64.

Lundin Mining (OTCMKTS:LUNMFGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The basic materials company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.20). The company had revenue of $590.20 million for the quarter. Lundin Mining had a return on equity of 13.88% and a net margin of 21.21%. As a group, equities analysts predict that Lundin Mining will post 0.63 earnings per share for the current year.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 14th. Investors of record on Friday, September 2nd were paid a dividend of $0.0698 per share. The ex-dividend date was Thursday, September 1st. This represents a yield of 5.34%. Lundin Mining’s payout ratio is currently 28.42%.

About Lundin Mining

(Get Rating)

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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