Lundin Mining (OTCMKTS:LUNMF) Rating Increased 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 report published on Tuesday,Zacks.com reports.

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

Lundin Mining Stock Performance

Shares of OTCMKTS LUNMF opened at $7.67 on Tuesday. Lundin Mining has a one year low of $6.30 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 0.36 and a beta of 1.39. The stock’s fifty day moving average price is $8.26 and its two-hundred day moving average price is $9.01.

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

Lundin Mining Cuts Dividend

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

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.