Lundin Mining (OTCMKTS:LUNMF) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Lundin Mining Co. (OTCMKTS:LUNMF) passed below its 50 day moving average during trading on Friday . The stock has a 50 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 Trading Down 2.4 %

The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 0.40 and a beta of 1.48. The business has a 50 day simple moving average of $9.35 and a 200-day simple moving average of $9.89.

Lundin Mining (OTCMKTS:LUNMF) last released its 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). Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities analysts predict that Lundin Mining Co. will post 0.56 earnings per share for the current 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a dividend yield of 2.56%. Lundin Mining’s payout ratio is 72.22%.

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.