Lundin Mining (OTCMKTS:LUNMF) Shares Cross Below 50-Day Moving Average – Here’s Why

Shares of Lundin Mining Co. (OTCMKTS:LUNMF) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.16 and traded as low as $8.46. Lundin Mining shares last traded at $8.47, with a volume of 182,245 shares traded.

Lundin Mining Stock Down 4.3 %

The company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $7.30 billion, a PE ratio of 23.36, a PEG ratio of 0.36 and a beta of 1.48. The company’s 50 day moving average is $9.14 and its two-hundred day moving average is $9.72.

Lundin Mining (OTCMKTS:LUNMF) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. On average, analysts anticipate that Lundin Mining Co. will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were issued a dividend of $0.0647 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s payout ratio is 75.00%.

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.