Macquarie assumed coverage on shares of Lundin Mining (OTCMKTS:LUNMF) in a report released on Wednesday, Briefing.com Automated Import reports. The firm issued a neutral rating on the basic materials company’s stock.
Several other research firms have also commented on LUNMF. BMO Capital Markets boosted their price objective on Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 280 ($3.66) price objective on shares of in a research note on Wednesday, June 19th. Raymond James set a $33.00 price objective on LKQ and gave the stock a buy rating in a research note on Friday, April 26th. Morgan Stanley set a $196.00 price target on Alibaba Group and gave the company a buy rating in a research report on Tuesday, March 26th. Finally, ValuEngine upgraded XCel Brands from a sell rating to a hold rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold.
OTCMKTS:LUNMF opened at $5.38 on Wednesday. Lundin Mining has a 12 month low of $3.60 and a 12 month high of $5.94. The business’s 50 day moving average price is $5.04. The company has a current ratio of 3.03, a quick ratio of 2.63 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 23.65 and a beta of 1.99.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Friday, May 31st were given a $0.022 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.63%.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Further Reading: Certificate of Deposit (CD)
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