Lundin Mining (OTCMKTS:LUNMF) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Lundin Mining (OTCMKTS:LUNMF - Free Report) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports. Stifel Canada also issued estimates for Lundin Mining's FY2025 earnings at $0.34 EPS, FY2026 earnings at $0.31 EPS and FY2027 earnings at $0.20 EPS.

Separately, The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 6th.

Lundin Mining Stock Up 3.2 %

Shares of LUNMF traded up $0.28 during mid-day trading on Wednesday, hitting $9.00. 931,954 shares of the company traded hands, compared to its average volume of 306,177. The business has a 50 day moving average of $8.51 and a 200 day moving average of $9.23. The company has a market capitalization of $7.79 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52. The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. Lundin Mining has a 1-year low of $7.51 and a 1-year high of $13.26.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities research analysts anticipate that Lundin Mining will post 0.53 EPS for the current year.

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Lundin Mining Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 24th will be issued a dividend of $0.0634 per share. The ex-dividend date is Friday, March 21st. This represents a dividend yield of 2.79%. Lundin Mining's dividend payout ratio (DPR) is presently -92.31%.

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.