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

Lundin Mining Co. (OTCMKTS:LUNMF) declared a dividend on Tuesday, March 18th, investing.com reports. Stockholders 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 dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, March 21st.

Lundin Mining Stock Up 1.3 %

Shares of LUNMF opened at $9.20 on Wednesday. The firm’s 50 day moving average is $8.48 and its 200-day moving average is $9.24. The stock has a market capitalization of $7.98 billion, a PE ratio of 25.55, a P/E/G ratio of 0.36 and a beta of 1.52. 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 has a 12 month low of $7.51 and a 12 month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last announced 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). The firm had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. Equities research analysts forecast that Lundin Mining will post 0.53 EPS for the current year.

Analysts Set New Price Targets

Separately, 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.

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.