Lundin Mining (OTCMKTS:LUNMF) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Lundin Mining Co. (OTCMKTS:LUNMF) shares 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 firm 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 company has a quick ratio of 0.96, a current ratio of 1.40 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average is $9.33 and its 200 day moving average is $9.86.

Lundin Mining (OTCMKTS:LUNMF) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. Equities analysts forecast that Lundin Mining Co. will post 0.56 earnings per share for the current year.

Lundin Mining Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.0647 per share. The ex-dividend date was Friday, November 29th. This represents a yield of 2.56%. 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.