Macquarie assumed coverage on shares of Lundin Mining (OTCMKTS:LUNMF) in a research report report published on Wednesday, Briefing.com Automated Import reports. The firm issued a neutral rating on the basic materials company’s stock.
LUNMF has been the topic of several other research reports. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the company a buy rating in a research report on Tuesday, March 26th. BMO Capital Markets upped their target price on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 280 ($3.66) target price on shares of in a research report on Wednesday, June 19th. ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a report on Tuesday. Finally, Raymond James set a $33.00 price target on LKQ and gave the stock a buy rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold.
Shares of Lundin Mining stock traded up $0.06 on Wednesday, hitting $5.44. 119,916 shares of the company’s stock traded hands, compared to its average volume of 34,465. Lundin Mining has a one year low of $3.60 and a one year high of $5.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.03 and a quick ratio of 2.63. The firm’s fifty day moving average price is $5.01. The company has a market cap of $3.92 billion, a P/E ratio of 23.39 and a beta of 1.99.
Lundin Mining (OTCMKTS:LUNMF) last announced its earnings results on Wednesday, April 24th. The basic materials company reported $0.07 EPS for the quarter. Lundin Mining had a return on equity of 3.96% and a net margin of 9.95%. The company had revenue of $416.40 million for the quarter.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Friday, May 31st were issued a $0.022 dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.09 annualized dividend and a yield of 1.62%.
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, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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