Lundin Mining Co. (OTCMKTS:LUNMF) Receives Average Rating of “Strong Buy” from Brokerages

Shares of Lundin Mining Co. (OTCMKTS:LUNMF) have earned a consensus rating of “Strong Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, one has given a buy recommendation and four have given a strong buy recommendation to the company.

A number of analysts recently commented on LUNMF shares. TD Securities upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a report on Monday, May 5th. UBS Group lowered shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, May 2nd. Stifel Canada raised shares of Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. Finally, Canaccord Genuity Group raised shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th.

Lundin Mining Trading Down 1.5%

OTCMKTS:LUNMF opened at $8.98 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a 50-day moving average of $8.24 and a 200-day moving average of $8.71. The company has a market cap of $7.72 billion, a PE ratio of 24.94, a PEG ratio of 0.36 and a beta of 1.29. Lundin Mining has a one year low of $6.30 and a one year high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $963.90 million during the quarter, compared to the consensus estimate of $914.31 million. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. As a group, equities research analysts expect that Lundin Mining will post 0.53 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 24th were issued a $0.0634 dividend. The ex-dividend date was Friday, March 21st. This represents a yield of 2.79%. Lundin Mining’s dividend payout ratio (DPR) is presently -53.85%.

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.