Lundin Mining (OTCMKTS:LUNMF) Stock Passes Below Fifty Day Moving Average – What’s Next?

Lundin Mining Co. (OTCMKTS:LUNMF)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-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.

Lundin Mining Stock Performance

The stock’s 50-day moving average is $9.50 and its 200-day moving average is $9.95. 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 stock has a market cap of $6.77 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 0.40 and a beta of 1.47.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). The business had revenue of $1.07 billion during 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%. On average, analysts expect that Lundin Mining Co. will post 0.56 EPS for the current year.

Lundin Mining Cuts Dividend

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