Lundin Mining (OTCMKTS:LUNMF) Shares Gap Down – Here’s Why

Shares of Lundin Mining Corp. (OTCMKTS:LUNMF) gapped down before the market opened on Friday . The stock had previously closed at $14.66, but opened at $13.97. Lundin Mining shares last traded at $14.53, with a volume of 3,860 shares.

Analysts Set New Price Targets

LUNMF has been the topic of a number of recent analyst reports. Raymond James Financial raised Lundin Mining to a “hold” rating in a research report on Monday, June 30th. TD Securities reissued a “buy” rating on shares of Lundin Mining in a research report on Wednesday, September 10th. Finally, Haywood Securities downgraded Lundin Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Lundin Mining presently has a consensus rating of “Buy”.

Lundin Mining Stock Performance

The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $13.20 and a 200-day moving average of $10.87. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of -741.50, a P/E/G ratio of 0.62 and a beta of 1.37.

Lundin Mining Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 24th. Investors of record on Monday, September 8th were given a $0.02 dividend. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend was Friday, September 5th. This is a positive change from Lundin Mining’s previous dividend of $0.02. Lundin Mining’s payout ratio is currently -400.00%.

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.