Lundin Mining Co. (OTCMKTS:LUNMF) Announces Dividend of $0.06

Lundin Mining Co. (OTCMKTS:LUNMF) announced a dividend on Tuesday, March 18th, investing.com reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.0634 per share by the basic materials company on Wednesday, April 9th. This represents a yield of 2.79%. The ex-dividend date of this dividend is Friday, March 21st.

Lundin Mining Stock Performance

Shares of Lundin Mining stock opened at $9.20 on Wednesday. The firm has a market capitalization of $7.98 billion, a P/E ratio of 25.55, a P/E/G ratio of 0.36 and a beta of 1.52. The company’s 50 day moving average price is $8.48 and its two-hundred day moving average price is $9.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. Lundin Mining has a fifty-two week low of $7.51 and a fifty-two week high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). The business had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, equities analysts forecast that Lundin Mining will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 6th.

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.