Shares of Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.43.
A number of brokerages have recently commented on LUNMF. Raymond James boosted their price target on Lundin Mining from $9.50 to $11.50 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. BMO Capital Markets raised Lundin Mining from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th.
Check Out Our Latest Research Report on LUNMF
Lundin Mining Stock Down 0.1 %
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Lundin Mining had a return on equity of 5.13% and a net margin of 7.12%. The firm had revenue of $1.06 billion for the quarter. As a group, analysts forecast that Lundin Mining will post 0.84 earnings per share for the current fiscal year.
Lundin Mining Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.0666 per share. This represents a dividend yield of 2.78%. This is a boost from Lundin Mining’s previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio is presently 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.
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