Lundin Mining Co. (OTCMKTS:LUNMF) Given Consensus Rating of “Strong Buy” by Analysts

Lundin Mining Co. (OTCMKTS:LUNMF) has been assigned an average rating of “Strong Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and five have issued a strong buy recommendation on the company.

Several brokerages have recently issued reports on LUNMF. BMO Capital Markets raised Lundin Mining to a “strong-buy” rating in a research report on Friday. The Goldman Sachs Group upgraded Lundin Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 6th. Desjardins raised Lundin Mining to a “moderate buy” rating in a research report on Thursday, April 3rd. Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, TD Securities upgraded shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th.

Lundin Mining Stock Down 0.7%

Shares of OTCMKTS LUNMF opened at $10.49 on Friday. The firm has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $8.66. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $11.96. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $8.99 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.36 and a beta of 1.34.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results 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 company 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%. Equities analysts expect that Lundin Mining will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.0198 per share. This represents a yield of 0.84%. The ex-dividend date of this dividend is Thursday, June 5th. Lundin Mining’s payout ratio is -61.54%.

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.