Lundin Mining Co. (OTCMKTS:LUNMF) Short Interest Up 18.5% in August

Lundin Mining Co. (OTCMKTS:LUNMF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 21,668,100 shares, an increase of 18.5% from the August 15th total of 18,278,800 shares. Based on an average daily volume of 211,700 shares, the days-to-cover ratio is presently 102.4 days.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised Lundin Mining to a “hold” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lundin Mining has a consensus rating of “Hold” and an average price target of $11.83.

Lundin Mining Trading Up 0.3 %

Shares of LUNMF traded up $0.03 during trading hours on Tuesday, reaching $9.19. 19,651 shares of the company traded hands, compared to its average volume of 143,418. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 61.27, a PEG ratio of 0.20 and a beta of 1.49. The stock’s fifty day moving average price is $9.87 and its 200 day moving average price is $10.57. Lundin Mining has a 12-month low of $5.91 and a 12-month high of $13.26.

Lundin Mining (OTCMKTS:LUNMF) last posted its quarterly earnings data on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $1.08 billion during the quarter. Lundin Mining had a net margin of 4.21% and a return on equity of 5.19%. Sell-side analysts forecast that Lundin Mining will post 0.87 earnings per share for the current year.

Lundin Mining Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were issued a $0.065 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining’s dividend payout ratio (DPR) is 173.33%.

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.