Lundin Mining (OTCMKTS:LUNMF) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Lundin Mining Co. (OTCMKTS:LUNMF) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.50 and traded as low as $8.63. Lundin Mining shares last traded at $8.71, with a volume of 220,525 shares trading hands.

Lundin Mining Trading Down 0.6 %

The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average of $9.46 and a 200-day moving average of $9.94. The firm has a market capitalization of $6.72 billion, a P/E ratio of 24.04, a PEG ratio of 0.40 and a beta of 1.48.

Lundin Mining (OTCMKTS:LUNMF) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. Analysts anticipate that Lundin Mining Co. will post 0.56 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were given a $0.0647 dividend. This represents a dividend yield of 2.56%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio is currently 72.22%.

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, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.