Lundin Mining (OTCMKTS:LUNMF) Shares Cross Below 50-Day Moving Average – What’s Next?

Lundin Mining Co. (OTCMKTS:LUNMF) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.35 and traded as low as $8.59. Lundin Mining shares last traded at $8.59, with a volume of 232,333 shares.

Lundin Mining Price Performance

The stock has a market cap of $6.67 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.40 and a beta of 1.48. 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’s fifty day moving average is $9.35 and its 200 day moving average is $9.89.

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 the consensus estimate of $0.18 by ($0.09). Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. As a group, sell-side analysts anticipate that Lundin Mining Co. will post 0.56 earnings per share for the current fiscal year.

Lundin Mining Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 11th. Stockholders 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 payout ratio is 72.22%.

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.