Lundin Mining Co. Plans Dividend of $0.07 (OTCMKTS:LUNMF)

Lundin Mining Co. (OTCMKTS:LUNMF) announced a dividend on Friday, May 24th, investing.com reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.0657 per share by the basic materials company on Wednesday, June 19th. This represents a yield of 2.2%. The ex-dividend date of this dividend is Friday, May 31st.

Lundin Mining Stock Performance

LUNMF stock opened at $11.80 on Friday. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The company has a current ratio of 1.48, a quick ratio of 0.98 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $11.24 and a 200-day moving average price of $8.96. The firm has a market cap of $9.15 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 0.31 and a beta of 1.60.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $937.00 million during the quarter. Lundin Mining had a return on equity of 3.70% and a net margin of 3.04%. As a group, equities research analysts expect that Lundin Mining will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

LUNMF has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, March 27th. Raymond James lifted their price objective on shares of Lundin Mining from $9.50 to $11.50 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Lundin Mining currently has an average rating of “Moderate Buy” and an average price target of $11.50.

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.