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

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

Lundin Mining Price Performance

Shares of LUNMF opened at $9.08 on Tuesday. The firm has a market capitalization of $7.88 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. Lundin Mining has a 1-year low of $7.51 and a 1-year high of $13.26. The company’s fifty day moving average price is $8.47 and its 200-day moving average price is $9.25.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). The company had revenue of $858.90 million for the quarter, compared to analysts’ expectations of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. On average, equities research analysts predict that Lundin Mining will post 0.53 EPS for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 6th.

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.