Lundin Mining Corp. (OTCMKTS:LUNMF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and four have assigned a strong buy recommendation to the company.

A number of research analysts have issued reports on LUNMF shares. Wall Street Zen lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Monday, November 3rd. TD Securities reiterated a “buy” rating on shares of Lundin Mining in a research note on Wednesday, September 10th. Cormark lowered Lundin Mining from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Scotiabank reaffirmed an “outperform” rating on shares of Lundin Mining in a report on Tuesday, October 28th. Finally, Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th.

Lundin Mining Trading Up 2.7%

LUNMF stock opened at $18.73 on Friday. Lundin Mining has a 52 week low of $6.30 and a 52 week high of $18.90. The company has a market capitalization of $16.04 billion, a PE ratio of -936.25, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $12.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.45.

Lundin Mining Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 24th. Shareholders of record on Monday, September 8th were paid a dividend of $0.02 per share. The ex-dividend date was Friday, September 5th. This is a positive change from Lundin Mining’s previous dividend of $0.02. This represents a yield of 69.0%. Lundin Mining’s dividend payout ratio is currently 175.00%.

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.