Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.43.
Several brokerages recently issued reports on LUNMF. BMO Capital Markets upgraded shares of Lundin Mining from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James boosted their target price on shares of Lundin Mining from $9.50 to $11.50 and gave the company a “market perform” rating in a report on Wednesday, March 20th.
View Our Latest Stock Report on LUNMF
Lundin Mining Stock Performance
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. The company had revenue of $1.06 billion for the quarter. As a group, equities analysts anticipate that Lundin Mining will post 0.84 EPS for the current year.
Lundin Mining Increases Dividend
The business also recently declared a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.0666 dividend. This represents a dividend yield of 2.78%. The ex-dividend date was Thursday, March 21st. This is a positive change from Lundin Mining’s previous dividend of $0.07. Lundin Mining’s payout ratio is currently 84.38%.
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.
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