Lundin Mining Co. (OTCMKTS:LUNMF) Short Interest Up 18.5% in August

Lundin Mining Co. (OTCMKTS:LUNMF) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 21,668,100 shares, a growth of 18.5% from the August 15th total of 18,278,800 shares. Based on an average daily trading volume, of 211,700 shares, the short-interest ratio is presently 102.4 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank upgraded Lundin Mining to a “hold” rating in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.83.

Lundin Mining Stock Performance

LUNMF traded up $0.03 during trading on Tuesday, hitting $9.19. The stock had a trading volume of 19,651 shares, compared to its average volume of 143,418. Lundin Mining has a twelve month low of $5.91 and a twelve month high of $13.26. The firm has a market capitalization of $7.14 billion, a P/E ratio of 61.27, a PEG ratio of 0.20 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.57. The company’s 50-day moving average price is $9.87 and its 200 day moving average price is $10.57.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $1.08 billion for the quarter. Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%. On average, equities research analysts forecast that Lundin Mining will post 0.87 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were paid a $0.065 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 2.6%. Lundin Mining’s dividend payout ratio (DPR) is presently 173.33%.

About Lundin Mining

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.