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

Lundin Mining Co. (OTCMKTS:LUNMF) announced a dividend on Saturday, August 24th, investing.com reports. Stockholders of record on Monday, September 2nd will be paid a dividend of 0.065 per share by the basic materials company on Wednesday, September 11th. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 30th.

Lundin Mining Stock Up 3.6 %

Shares of LUNMF stock opened at $10.36 on Friday. The stock’s fifty day moving average price is $10.40 and its 200 day moving average price is $10.41. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The company has a market cap of $8.05 billion, a price-to-earnings ratio of 69.07, a price-to-earnings-growth ratio of 0.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%. The business had revenue of $1.08 billion during the quarter. On average, research analysts expect that Lundin Mining will post 0.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Scotiabank upgraded shares of Lundin Mining to a “hold” rating in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.83.

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.