Lundin Mining (OTCMKTS:LUNMF) Raised to Strong-Buy at TD Securities

TD Securities upgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Several other analysts have also recently weighed in on LUNMF. The Goldman Sachs Group raised shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Desjardins upgraded Lundin Mining to a “moderate buy” rating in a research report on Thursday, April 3rd. Finally, Stifel Canada upgraded Lundin Mining to a “strong-buy” rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a hold rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Lundin Mining Price Performance

Lundin Mining stock opened at $7.67 on Tuesday. The stock has a 50-day moving average price of $8.26 and a two-hundred day moving average price of $9.01. Lundin Mining has a 12 month low of $6.30 and a 12 month high of $13.26. The company has a market capitalization of $6.64 billion, a PE ratio of 21.31, a P/E/G ratio of 0.36 and a beta of 1.39. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.

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

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 24th were paid a dividend of $0.0634 per share. This represents a yield of 2.79%. The ex-dividend date was Friday, March 21st. Lundin Mining’s dividend payout ratio is presently -92.31%.

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.