Lundin Mining (OTCMKTS:LUNMF) Stock Price Down 2.6% – What’s Next?

Lundin Mining Co. (OTCMKTS:LUNMF) shares dropped 2.6% during trading on Monday . The company traded as low as $8.78 and last traded at $8.78. Approximately 17,578 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 136,813 shares. The stock had previously closed at $9.01.

Lundin Mining Stock Performance

The company has a market cap of $6.41 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 0.41 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The company has a fifty day moving average of $9.93 and a two-hundred day moving average of $10.15.

Lundin Mining (OTCMKTS:LUNMF) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Lundin Mining had a net margin of 6.63% and a return on equity of 5.02%. Equities research analysts anticipate that Lundin Mining Co. will post 0.57 EPS for the current year.

Lundin Mining Cuts Dividend

The firm also recently announced 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. This represents a yield of 2.56%. The ex-dividend date of this dividend was Friday, November 29th. 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.