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

Lundin Mining Co. (OTCMKTS:LUNMF) announced a dividend on Tuesday, March 18th, investing.com reports. Shareholders of record on Monday, March 24th will be paid a dividend of 0.0634 per share by the basic materials company on Wednesday, April 9th. This represents a yield of 2.79%. The ex-dividend date of this dividend is Friday, March 21st.

Lundin Mining Price Performance

Shares of Lundin Mining stock opened at $9.20 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. Lundin Mining has a fifty-two week low of $7.51 and a fifty-two week high of $13.26. The firm has a fifty day moving average price of $8.48 and a two-hundred day moving average price of $9.24. The company has a market cap of $7.98 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 0.36 and a beta of 1.52.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.10). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The company had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 billion. Analysts expect that Lundin Mining will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Lundin Mining from a “buy” rating to a “strong-buy” rating in a 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.