Lundin Mining (OTCMKTS:LUNMF) Issues Quarterly Earnings Results

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) released its quarterly earnings results on Wednesday. The basic materials company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09), Zacks reports. The business had revenue of $1.07 billion during 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 4.97%.

Lundin Mining Stock Down 5.1 %

OTCMKTS:LUNMF traded down $0.53 on Friday, hitting $9.92. The stock had a trading volume of 22,864 shares, compared to its average volume of 58,485. The company has a market cap of $7.71 billion, a PE ratio of 27.56, a P/E/G ratio of 0.33 and a beta of 1.50. Lundin Mining has a 52 week low of $5.91 and a 52 week high of $13.26. The business's fifty day moving average is $9.95 and its 200 day moving average is $10.58. The company has a quick ratio of 1.00, a current ratio of 1.49 and a debt-to-equity ratio of 0.20.

Lundin Mining Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, September 2nd were paid a $0.065 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 30th. Lundin Mining's dividend payout ratio (DPR) is currently 72.22%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded shares of Lundin Mining to a "hold" rating in a research report on Monday, July 15th.

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.