Lundin Mining (OTCMKTS:LUNMF) Upgraded to “Outperform” at BMO Capital Markets

BMO Capital Markets upgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a market perform rating to an outperform rating in a research note released on Wednesday, Benzinga reports. They currently have $16.00 price target on the basic materials company’s stock, up from their previous price target of $12.00.

Separately, Raymond James boosted their price target on shares of Lundin Mining from $9.50 to $11.50 and gave the stock a market perform rating in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $11.56.

Lundin Mining Trading Up 2.1 %

Shares of LUNMF opened at $9.88 on Wednesday. The company’s fifty day moving average is $8.51 and its 200 day moving average is $7.65. Lundin Mining has a fifty-two week low of $5.91 and a fifty-two week high of $10.20. The stock has a market capitalization of $7.65 billion, a PE ratio of 30.87, a P/E/G ratio of 1.40 and a beta of 1.64. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.98 and a current ratio of 1.48.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.06). Lundin Mining had a return on equity of 5.13% and a net margin of 7.12%. The business had revenue of $1.06 billion during the quarter. Sell-side analysts expect that Lundin Mining will post 0.57 earnings per share for the current fiscal year.

Lundin Mining Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.0666 per share. This is a boost from Lundin Mining’s previous dividend of $0.07. The ex-dividend date is Thursday, March 21st. This represents a yield of 2.78%. Lundin Mining’s payout ratio is 84.38%.

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.