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

Lundin Mining Co. (OTCMKTS:LUNMF) has received an average rating of “Strong Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a strong buy rating to the company.

Several analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a report on Thursday, April 3rd. TD Securities raised shares of Lundin Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Stifel Canada upgraded shares of Lundin Mining to a “strong-buy” rating in a report on Wednesday, March 19th. Finally, Canaccord Genuity Group upgraded Lundin Mining from a “hold” rating to a “strong-buy” rating in a research note on Wednesday.

Lundin Mining Trading Down 1.3 %

Shares of OTCMKTS:LUNMF opened at $7.63 on Friday. The stock has a 50 day moving average of $8.23 and a 200 day moving average of $8.98. 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 company has a market cap of $6.61 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.10). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The firm had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts expect that Lundin Mining will post 0.53 EPS for the current year.

Lundin Mining Cuts Dividend

The firm also recently disclosed 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 payout ratio is -92.31%.

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.