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

Lundin Mining Co. (OTCMKTS:LUNMF) crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Lundin Mining Stock Performance

The firm’s fifty day moving average is $9.33 and its 200 day moving average is $9.86. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 0.40 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96.

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

Lundin Mining Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd were paid a $0.0647 dividend. The ex-dividend date was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s dividend payout ratio (DPR) is currently 75.00%.

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.