Analysts Set Lundin Mining Co. (OTCMKTS:LUNMF) Target Price at $11.43

Shares of Lundin Mining Co. (OTCMKTS:LUNMF) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.43.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Lundin Mining from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $12.00 to $16.00 in a research report on Wednesday, March 27th. Raymond James increased their price objective on shares of Lundin Mining from $9.50 to $11.50 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th.

Lundin Mining Stock Performance

OTCMKTS:LUNMF opened at $11.65 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.48 and a debt-to-equity ratio of 0.20. The company has a market cap of $9.02 billion, a P/E ratio of 36.41, a P/E/G ratio of 0.66 and a beta of 1.67. Lundin Mining has a fifty-two week low of $5.91 and a fifty-two week high of $12.17. The firm’s 50 day moving average is $9.50 and its two-hundred day moving average is $8.06.

Lundin Mining (OTCMKTS:LUNMF) last posted 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). The company had revenue of $1.06 billion for the quarter. Lundin Mining had a return on equity of 5.13% and a net margin of 7.12%. Analysts expect that Lundin Mining will post 0.84 EPS for the current year.

Lundin Mining Increases Dividend

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