Lundin Mining (OTCMKTS:LUNMF) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Lundin Mining Co. (OTCMKTS:LUNMF)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 fifty day moving average price is $9.46 and its 200-day moving average price is $9.94. The company has a market capitalization of $6.72 billion, a P/E ratio of 24.04, a PEG ratio of 0.40 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. As a group, research analysts anticipate that Lundin Mining Co. will post 0.56 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd were issued 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%.

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.