Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.
Several analysts have recently commented on LUNMF shares. BMO Capital Markets raised Lundin Mining from a “market perform” rating to an “outperform” rating and raised their price target for the company from $12.00 to $16.00 in a report on Wednesday, March 27th. Raymond James raised their price target 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 Research Report on Lundin Mining
Lundin Mining Stock Down 2.3 %
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last released its quarterly 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 3.70% and a net margin of 3.04%. The business had revenue of $1.06 billion for the quarter. Research analysts anticipate that Lundin Mining will post 0.8 EPS for the current fiscal year.
Lundin Mining Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were issued a $0.0666 dividend. This is a boost from Lundin Mining’s previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, March 21st. This represents a yield of 2.78%. Lundin Mining’s dividend payout ratio is 173.33%.
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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