Lundin Mining (OTCMKTS:LUNMF) Stock Crosses Below 50-Day Moving Average – Here’s Why

Lundin Mining Co. (OTCMKTS:LUNMF)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 trading hands.

Lundin Mining Stock Down 2.1 %

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 company has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $9.74. The firm has a market capitalization of $7.35 billion, a P/E ratio of 23.53, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. On average, equities analysts expect that Lundin Mining Co. will post 0.53 EPS for the current fiscal year.

Lundin Mining Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 11th. Investors of record on Monday, December 2nd were issued a $0.0647 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 2.56%. Lundin Mining’s payout ratio 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.