Lundin Mining (OTCMKTS:LUNMF) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a buy rating to a hold rating in a report issued on Monday.

LUNMF has been the subject of a number of other research reports. Scotiabank restated an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, October 28th. Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Finally, TD Securities restated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, September 10th. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Lundin Mining Stock Down 1.1%

Shares of OTCMKTS:LUNMF opened at $15.95 on Monday. The company has a market capitalization of $13.66 billion, a PE ratio of -797.50, a price-to-earnings-growth ratio of 0.67 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.45 and a quick ratio of 0.90. The business has a fifty day moving average price of $13.78 and a two-hundred day moving average price of $11.28. Lundin Mining has a 1 year low of $6.30 and a 1 year high of $17.22.

Lundin Mining Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, September 24th. Stockholders of record on Monday, September 8th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a dividend yield of 69.0%. This is a boost from Lundin Mining’s previous dividend of $0.02. Lundin Mining’s payout ratio is currently -400.00%.

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.