Lundin Mining Co. (OTCMKTS:LUNMF) Receives Consensus Recommendation of "Strong Buy" from Analysts

Shares of Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) have been given a consensus recommendation of "Strong Buy" by the five research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company.

Several research analysts recently weighed in on the stock. Canaccord Genuity Group upgraded shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 15th. Finally, Desjardins raised shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd.

Lundin Mining Price Performance

LUNMF stock traded up $0.27 during mid-day trading on Friday, reaching $7.96. 250,913 shares of the company's stock were exchanged, compared to its average volume of 306,085. 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 company has a market cap of $6.90 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. The stock's 50 day moving average is $8.18 and its 200 day moving average is $8.91. Lundin Mining has a 12-month low of $6.30 and a 12-month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued 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 company had revenue of $858.90 million during 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, research analysts expect that Lundin Mining will post 0.53 EPS for the current year.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th were paid a $0.0634 dividend. The ex-dividend date was Friday, March 21st. This represents a dividend yield of 2.79%. Lundin Mining's dividend payout ratio (DPR) is -92.31%.

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.