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Shares of Lundin Mining Co. (OTCMKTS:LUNMF – Get Rating) have earned a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.35.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their target price on Lundin Mining from C$14.00 to C$12.50 in a research report on Friday, July 29th. TD Securities cut Lundin Mining from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Morgan Stanley lowered their target price on Lundin Mining from SEK 94 to SEK 88 and set an “equal weight” rating on the stock in a research note on Thursday, June 23rd. Barclays lowered their price objective on Lundin Mining from C$11.00 to C$9.00 in a research note on Tuesday, July 19th. Finally, Canaccord Genuity Group cut their price objective on Lundin Mining from C$11.50 to C$10.50 and set a “buy” rating on the stock in a report on Monday, August 1st.
Lundin Mining Stock Up 2.6 %
Shares of OTCMKTS LUNMF opened at $5.74 on Friday. The company has a market cap of $4.47 billion, a P/E ratio of 6.04 and a beta of 1.58. Lundin Mining has a 12 month low of $5.10 and a 12 month high of $11.25. The business’s 50 day moving average is $6.37 and its two-hundred day moving average is $8.29.
Lundin Mining Cuts Dividend
The business also recently declared a dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Friday, June 3rd were paid a dividend of $0.0701 per share. The ex-dividend date was Thursday, June 2nd. This represents a dividend yield of 3.14%. Lundin Mining’s dividend payout ratio (DPR) is presently 29.47%.
About Lundin Mining
(Get Rating)
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.
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