Lundin Mining Co. (OTCMKTS:LUNMF) Given Average Rating of “Buy” by Brokerages

Lundin Mining Co. (OTCMKTS:LUNMF) has earned a consensus rating of “Buy” from the ten ratings firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company.

A number of research firms have commented on LUNMF. JPMorgan Chase & Co. began coverage on Lundin Mining in a report on Wednesday, June 19th. They set an “overweight” rating on the stock. BMO Capital Markets raised Lundin Mining from a “market perform” rating to an “outperform” rating in a report on Friday, May 10th. ValuEngine downgraded Lundin Mining from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Morgan Stanley reissued a “buy” rating on shares of Lundin Mining in a report on Tuesday, March 26th. Finally, Raymond James reissued a “hold” rating on shares of Lundin Mining in a report on Monday, April 8th.

LUNMF traded up $0.04 during trading on Thursday, reaching $5.41. The company had a trading volume of 13,056 shares, compared to its average volume of 27,138. The company has a current ratio of 3.03, a quick ratio of 2.63 and a debt-to-equity ratio of 0.01. Lundin Mining has a 52 week low of $3.60 and a 52 week high of $6.04. The business’s 50 day moving average is $4.82. The company has a market capitalization of $3.98 billion, a PE ratio of 22.60 and a beta of 1.89.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results on Wednesday, April 24th. The basic materials company reported $0.07 EPS for the quarter. Lundin Mining had a return on equity of 3.96% and a net margin of 9.95%. The company had revenue of $416.40 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were issued a $0.022 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, May 30th.

About Lundin Mining

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.

See Also: Systematic Risk

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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