Lundin Mining (OTCMKTS:LUNMF) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft


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Deutsche Bank Aktiengesellschaft assumed coverage on shares of Lundin Mining (OTCMKTS:LUNMF) in a report published on Wednesday, The Fly reports. The brokerage issued a buy rating on the basic materials company’s stock.

Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of Lundin Mining from $12.50 to $11.50 and set an outperform rating on the stock in a report on Tuesday, December 1st. Raymond James reduced their target price on shares of Lundin Mining from $9.00 to $8.50 and set a market perform rating for the company in a report on Wednesday, December 2nd. The Goldman Sachs Group initiated coverage on Lundin Mining in a research note on Thursday, October 15th. They issued a buy rating for the company. National Bank Financial cut Lundin Mining from an outperform rating to a sector perform rating in a research report on Tuesday, December 1st. Finally, TD Securities lowered shares of Lundin Mining from a buy rating to a hold rating in a report on Tuesday, December 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $9.59.

OTCMKTS LUNMF traded down $0.03 during trading on Wednesday, hitting $8.94. The company had a trading volume of 78,441 shares, compared to its average volume of 104,805. The company’s fifty day moving average is $8.33 and its 200-day moving average is $6.63. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 44.85 and a beta of 1.84. The company has a current ratio of 1.57, a quick ratio of 1.18 and a debt-to-equity ratio of 0.05. Lundin Mining has a one year low of $2.82 and a one year high of $10.04.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.14 earnings per share for the quarter. Lundin Mining had a return on equity of 5.00% and a net margin of 7.59%. The company had revenue of $600.70 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 16th. Shareholders of record on Friday, December 4th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Thursday, December 3rd.

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, and Sweden. 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 Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

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The Fly

Analyst Recommendations for Lundin Mining (OTCMKTS:LUNMF)

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