Lundin Mining Co. (OTCMKTS:LUNMF – Get Free Report)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.66 and traded as high as $10.75. Lundin Mining shares last traded at $10.70, with a volume of 124,416 shares trading hands.
Analysts Set New Price Targets
Separately, Scotiabank raised shares of Lundin Mining to a “hold” rating in a research note on Monday, July 15th.
Read Our Latest Analysis on Lundin Mining
Lundin Mining Price Performance
Lundin Mining (OTCMKTS:LUNMF – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Lundin Mining had a return on equity of 5.19% and a net margin of 4.21%. The company had revenue of $1.08 billion during the quarter. On average, research analysts predict that Lundin Mining Co. will post 0.73 earnings per share for the current fiscal year.
Lundin Mining Cuts Dividend
The company also recently declared a dividend, which was paid on Wednesday, September 11th. Stockholders of record on Monday, September 2nd were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 2.6%. Lundin Mining’s payout ratio is 173.33%.
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.
See Also
- Five stocks we like better than Lundin Mining
- Bank Stocks – Best Bank Stocks to Invest In
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Why Are These Companies Considered Blue Chips?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- Russell 2000 Index, How Investors Use it For Profitable Trading
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.