Macquarie assumed coverage on shares of Lundin Mining (OTCMKTS:LUNMF) in a research note released on Wednesday, Briefing.com Automated Import reports. The brokerage issued a neutral rating on the basic materials company’s stock.
A number of other brokerages also recently issued reports on LUNMF. ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a report on Tuesday, July 9th. Raymond James set a $33.00 price target on LKQ and gave the company a buy rating in a report on Friday, April 26th. BMO Capital Markets lifted their price target on Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, May 10th. Morgan Stanley set a $196.00 target price on Alibaba Group and gave the stock a buy rating in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 280 ($3.66) target price on shares of in a research note on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold.
Shares of LUNMF stock opened at $5.38 on Wednesday. Lundin Mining has a 52-week low of $3.60 and a 52-week 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 company has a market cap of $4.00 billion, a price-to-earnings ratio of 23.65 and a beta of 1.99. The business’s 50 day simple moving average is $5.04.
Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, April 24th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $416.40 million during the quarter. Lundin Mining had a return on equity of 3.96% and a net margin of 9.95%.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Friday, May 31st were paid a dividend of $0.022 per share. The ex-dividend date of this dividend was Thursday, May 30th. This represents a $0.09 annualized dividend and a yield of 1.63%.
About Lundin Mining
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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