Brokerages Set Lundin Mining Co. (OTCMKTS:LUNMF) Price Target at $11.33

Lundin Mining Co. (OTCMKTS:LUNMFGet Free Report) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.36.

Separately, Raymond James increased their price objective 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.

Read Our Latest Report on LUNMF

Lundin Mining Stock Performance

Shares of LUNMF stock opened at $9.78 on Wednesday. Lundin Mining has a one year low of $5.55 and a one year high of $10.20. The company’s 50-day moving average is $8.39 and its 200 day moving average is $7.61. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.48.

Lundin Mining (OTCMKTS:LUNMFGet Free Report) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). The company had revenue of $1.06 billion for the quarter. Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. Sell-side analysts expect that Lundin Mining will post 0.57 EPS for the current fiscal year.

Lundin Mining Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.0666 per share. This represents a dividend yield of 2.78%. This is an increase from Lundin Mining’s previous dividend of $0.07. The ex-dividend date of this dividend is Thursday, March 21st. Lundin Mining’s dividend payout ratio (DPR) is 84.38%.

Lundin Mining Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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