Lundin Mining (OTCMKTS:LUNMF) Sets New 12-Month High – Still a Buy?

Lundin Mining Corp. (OTCMKTS:LUNMF)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $17.2725 and last traded at $17.2725, with a volume of 7343 shares changing hands. The stock had previously closed at $16.1320.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank reiterated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Wall Street Zen downgraded Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 0.90. The business has a 50-day simple moving average of $13.96 and a 200-day simple moving average of $11.36. The firm has a market capitalization of $15.04 billion, a PE ratio of -878.00, a P/E/G ratio of 0.67 and a beta of 1.41.

Lundin Mining Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 24th. Shareholders of record on Monday, September 8th were given a dividend of $0.02 per share. This represents a yield of 69.0%. This is a boost from Lundin Mining’s previous dividend of $0.02. The ex-dividend date was Friday, September 5th. Lundin Mining’s dividend payout ratio (DPR) 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.