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

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

LUNMF has been the subject of a number of research analyst reports. UBS Group cut shares of Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 2nd. 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. Desjardins raised shares of Lundin Mining to a “moderate buy” rating in a research 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, April 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Monday, May 5th.

Lundin Mining Stock Performance

Lundin Mining stock opened at $8.95 on Tuesday. The firm has a 50 day simple moving average of $8.24 and a 200-day simple moving average of $8.67. Lundin Mining has a 1-year low of $6.30 and a 1-year high of $13.26. 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 stock has a market cap of $7.67 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 0.36 and a beta of 1.29.

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

Lundin Mining Cuts Dividend

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

Lundin Mining Company Profile

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.