Lundin Mining Co. Declares Dividend of $0.06 (OTCMKTS:LUNMF)

Lundin Mining Co. (OTCMKTS:LUNMF) announced a dividend on Tuesday, March 18th, investing.com reports. Stockholders of record on Monday, March 24th will be given 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 is Friday, March 21st.

Lundin Mining Trading Up 1.3 %

OTCMKTS:LUNMF opened at $9.20 on Wednesday. Lundin Mining has a 12 month low of $7.51 and a 12 month high of $13.26. The firm has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $9.24. The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $7.98 billion, a P/E ratio of 25.55, a PEG ratio of 0.36 and a beta of 1.52.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 EPS 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 company had revenue of $858.90 million for the quarter, compared to analyst estimates of $1.06 billion. On average, equities research analysts anticipate that Lundin Mining will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

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.