Lundin Mining (LUNMF) Now Covered by Barclays

Barclays assumed coverage on shares of Lundin Mining (OTCMKTS:LUNMF) in a research report report published on Wednesday, The Fly reports. The firm issued an overweight rating on the basic materials company’s stock.

LUNMF has been the topic of several other research reports. Credit Suisse Group reaffirmed a neutral rating on shares of Lundin Mining in a research report on Monday, September 10th. ValuEngine cut shares of Lundin Mining from a hold rating to a sell rating in a research report on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Lundin Mining has a consensus rating of Hold and an average target price of $9.00.

Shares of LUNMF opened at $4.63 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.73 and a quick ratio of 4.26. The stock has a market capitalization of $3.89 billion, a PE ratio of 9.17 and a beta of 1.73. Lundin Mining has a one year low of $4.50 and a one year high of $8.09.

Lundin Mining (OTCMKTS:LUNMF) last issued its earnings results on Wednesday, July 25th. The basic materials company reported $0.11 EPS for the quarter. Lundin Mining had a return on equity of 10.29% and a net margin of 20.49%. The company had revenue of $467.66 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Friday, September 7th were given a $0.023 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $0.09 annualized dividend and a yield of 1.99%.

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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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