Lundin Mining (OTCMKTS:LUNMF – Get Free Report) issued its earnings results on Tuesday. The basic materials company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), Yahoo Finance reports. Lundin Mining had a net margin of 3.04% and a return on equity of 3.66%. The firm had revenue of $1.08 billion during the quarter.
Lundin Mining Trading Down 2.2 %
LUNMF traded down $0.23 during trading on Wednesday, hitting $10.06. 589,641 shares of the stock traded hands, compared to its average volume of 69,246. The firm has a market capitalization of $7.81 billion, a P/E ratio of 67.07, a price-to-earnings-growth ratio of 0.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 1.04. The firm has a 50-day moving average of $11.10 and a 200 day moving average of $10.24. Lundin Mining has a 12-month low of $5.91 and a 12-month high of $13.26.
Lundin Mining Cuts Dividend
The business also recently announced a dividend, which was paid on Wednesday, June 19th. Shareholders of record on Monday, June 3rd were given a dividend of $0.0657 per share. The ex-dividend date was Friday, May 31st. This represents a yield of 2.2%. Lundin Mining’s payout ratio is presently 173.33%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Lundin Mining
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.
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