Lundin Mining Co. Announces Dividend of $0.06 (OTCMKTS:LUNMF)

Lundin Mining Co. (OTCMKTS:LUNMF) declared a dividend on Saturday, August 24th, investing.com reports. Stockholders of record on Monday, September 2nd will be paid a dividend of 0.065 per share by the basic materials company on Wednesday, September 11th. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, August 30th.

Lundin Mining Trading Up 3.6 %

OTCMKTS LUNMF opened at $10.36 on Friday. The firm has a market cap of $8.05 billion, a PE ratio of 69.07, a price-to-earnings-growth ratio of 0.23 and a beta of 1.49. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $10.41. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%. The company had revenue of $1.08 billion for the quarter. As a group, sell-side analysts forecast that Lundin Mining will post 0.87 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Lundin Mining to a “hold” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.83.

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.