Lundin Mining (OTCMKTS:LUNMF) Share Price Passes Below 50-Day Moving Average – Time to Sell?

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

Lundin Mining Price Performance

The company has a 50-day moving average of $9.14 and a 200 day moving average of $9.72. 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 stock has a market capitalization of $7.30 billion, a PE ratio of 23.36, a PEG ratio of 0.36 and a beta of 1.48.

Lundin Mining (OTCMKTS:LUNMF) last announced 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). 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 analysts’ expectations of $1.10 billion. Sell-side analysts predict that Lundin Mining Co. will post 0.53 EPS for the current year.

Lundin Mining Cuts Dividend

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