Lundin Mining (OTCMKTS:LUNMF) Hits New 52-Week High at $10.30

Lundin Mining Co. (OTCMKTS:LUNMF) hit a new 52-week high during trading on Thursday . The company traded as high as $10.30 and last traded at $10.28, with a volume of 64127 shares. The stock had previously closed at $9.88.

Analyst Ratings Changes

Several analysts recently commented on LUNMF shares. Raymond James raised their price target on shares of Lundin Mining from $9.50 to $11.50 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $16.00 in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.56.

Lundin Mining Price Performance

The stock has a 50-day simple moving average of $8.51 and a 200 day simple moving average of $7.65. The company has a market cap of $7.93 billion, a P/E ratio of 24.80, 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 analysts’ consensus estimates of $0.16 by ($0.06). Lundin Mining had a net margin of 7.12% and a return on equity of 5.13%. The company had revenue of $1.06 billion during the quarter. On average, equities analysts expect that Lundin Mining Co. will post 0.57 EPS for the current year.

Lundin Mining Increases Dividend

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