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

Stifel Canada upgraded shares of Lundin Mining (OTCMKTS:LUNMF) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group raised shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $13.75.

Lundin Mining Stock Up 0.7 %

LUNMF stock opened at $9.26 on Wednesday. The stock has a market capitalization of $8.03 billion, a P/E ratio of 25.71, a PEG ratio of 0.36 and a beta of 1.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. Lundin Mining has a one year low of $7.51 and a one year high of $13.26. The company has a 50 day moving average price of $8.49 and a two-hundred day moving average price of $9.24.

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

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 24th will be issued a $0.0634 dividend. This represents a dividend yield of 2.79%. The ex-dividend date is Friday, March 21st. 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.