Shares of Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.43.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James increased their price objective 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.
Get Our Latest Analysis on Lundin Mining
Lundin Mining Stock Performance
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). The company had revenue of $1.06 billion for the quarter. Lundin Mining had a return on equity of 5.13% and a net margin of 7.12%. Analysts expect that Lundin Mining will post 0.84 EPS for the current year.
Lundin Mining Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were given a $0.0666 dividend. This is an increase from Lundin Mining’s previous dividend of $0.07. This represents a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio (DPR) is presently 84.38%.
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.
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