Lundin Mining (OTCMKTS:LUNMF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

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 trading hands.

Lundin Mining Trading Down 2.1 %

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96. The stock’s 50 day moving average is $9.16 and its 200-day moving average is $9.74. The company has a market capitalization of $7.35 billion, a P/E ratio of 23.53, a P/E/G ratio of 0.36 and a beta of 1.48.

Lundin Mining (OTCMKTS:LUNMF) last released its earnings results 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 firm 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%. As a group, equities research analysts anticipate that Lundin Mining Co. will post 0.53 earnings per share for the current year.

Lundin Mining Cuts Dividend

The firm 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 dividend payout ratio is presently 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.