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

Lundin Mining Corp. (OTCMKTS:LUNMF) has been given an average rating of “Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and five have assigned a strong buy rating to the company.

Several equities analysts have issued reports on LUNMF shares. Raymond James Financial upgraded Lundin Mining to a “hold” rating in a research report on Monday, June 30th. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Monday, May 5th. UBS Group downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, May 2nd. BMO Capital Markets raised Lundin Mining from an “outperform” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Dnb Nor Markets raised Lundin Mining to a “hold” rating in a report on Tuesday, June 17th.

Lundin Mining Trading Up 0.6%

Shares of LUNMF opened at $11.42 on Thursday. The stock has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $9.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.45. Lundin Mining has a 52-week low of $6.30 and a 52-week high of $12.00. The company has a market cap of $9.78 billion, a price-to-earnings ratio of -571.00, a PEG ratio of 0.75 and a beta of 1.35.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 25th. Shareholders of record on Friday, June 6th were issued a dividend of $0.0198 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a yield of 84.0%. Lundin Mining’s dividend payout ratio is currently -400.00%.

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.