Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report) shares hit a new 52-week high during trading on Thursday . The stock 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 equities research analysts have recently commented on LUNMF shares. Raymond James upped their price target on shares of Lundin Mining from $9.50 to $11.50 and gave the company a “market perform” rating in a research report on Wednesday, March 20th. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and upped their target price for the company from $12.00 to $16.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.56.
Check Out Our Latest Stock Report on LUNMF
Lundin Mining Stock Up 3.7 %
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported $0.10 EPS 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 business 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 business also recently declared a dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd will be paid a dividend of $0.0666 per share. The ex-dividend date is Thursday, March 21st. This is a boost from Lundin Mining’s previous dividend of $0.07. This represents a dividend yield of 2.78%. Lundin Mining’s dividend payout ratio is 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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