Lundin Mining (OTCMKTS:LUNMF) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Lundin Mining (OTCMKTS:LUNMF) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Several other equities research analysts have also weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, October 28th. Haywood Securities lowered Lundin Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, TD Securities reaffirmed a “buy” rating on shares of Lundin Mining in a report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Lundin Mining Price Performance

Shares of OTCMKTS LUNMF opened at $16.13 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.90 and a current ratio of 1.45. Lundin Mining has a fifty-two week low of $6.30 and a fifty-two week high of $17.22. The firm has a market capitalization of $13.82 billion, a PE ratio of -806.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock’s 50-day simple moving average is $13.96 and its 200-day simple moving average is $11.36.

Lundin Mining Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 24th. Investors of record on Monday, September 8th were issued a dividend of $0.02 per share. This is an increase from Lundin Mining’s previous dividend of $0.02. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend was Friday, September 5th. Lundin Mining’s dividend payout ratio is -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.