Lundin Mining Co. (OTCMKTS:LUNMF) to Issue $0.06 Dividend

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) announced a dividend on Tuesday, March 18th, investing.com reports. Stockholders of record on Monday, March 24th will be paid a dividend of 0.0634 per share by the basic materials company on Wednesday, April 9th. This represents a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, March 21st.

Lundin Mining Price Performance

Shares of OTCMKTS:LUNMF traded down $0.26 during trading on Friday, hitting $8.72. 549,108 shares of the stock were exchanged, compared to its average volume of 294,579. The company has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $9.22. The company has a market cap of $7.57 billion, a PE ratio of 24.22, a P/E/G ratio of 0.36 and a beta of 1.52. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. Lundin Mining has a 12-month low of $7.51 and a 12-month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.10). The firm had revenue of $858.90 million for the quarter, compared to analysts' expectations of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, analysts forecast that Lundin Mining will post 0.53 EPS for the current year.

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Analysts Set New Price Targets

LUNMF has been the topic of a number of recent research reports. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday. The Goldman Sachs Group raised Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

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.