BlackRock World Mining Trust (LON:BRWM) Posts Quarterly Earnings Results

BlackRock World Mining Trust (LON:BRWM) released its quarterly earnings data on Wednesday. The investment trust reported GBX 23.09 ($0.30) EPS for the quarter, Digital Look Earnings reports. BlackRock World Mining Trust had a negative return on equity of 1.19% and a negative net margin of 153.65%.

BlackRock World Mining Trust Trading Up 1.8 %

Shares of LON:BRWM opened at GBX 486.90 ($6.28) on Thursday. The company has a market capitalization of £932.44 million, a price-to-earnings ratio of -69.66 and a beta of 1.01. BlackRock World Mining Trust has a 12-month low of GBX 463.20 ($5.97) and a 12-month high of GBX 634 ($8.17). The business has a 50-day moving average price of GBX 491.40 and a 200 day moving average price of GBX 507.38.

BlackRock World Mining Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, February 13th were issued a dividend of GBX 12 ($0.15) per share. The ex-dividend date of this dividend was Thursday, February 13th. This is a boost from BlackRock World Mining Trust’s previous dividend of $5.50. This represents a dividend yield of 3.62%. BlackRock World Mining Trust’s dividend payout ratio is currently -486.41%.

Insider Buying and Selling at BlackRock World Mining Trust

In other news, insider Srinivasan Venkatakrishnan acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average price of GBX 476 ($6.14) per share, for a total transaction of £9,520 ($12,271.20). 2.68% of the stock is currently owned by corporate insiders.

About BlackRock World Mining Trust

The Company aims to provide a diversified investment in mining and metal assets worldwide, actively managed with the objective of maximising total returns. While the policy is to invest principally in quoted securities, the Company’s investment policy includes investing in royalties derived from the production of metals and minerals as well as physical metals.