Lundin Mining (OTCMKTS:LUNMF) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

Lundin Mining (OTCMKTS:LUNMF) announced its quarterly earnings results on Wednesday. The basic materials company reported $0.09 earnings per share 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 analysts’ expectations of $1.10 billion. Lundin Mining had a return on equity of 4.97% and a net margin of 6.63%.

Lundin Mining Stock Performance

LUNMF stock traded down $0.53 during midday trading on Friday, hitting $9.92. 22,864 shares of the stock traded hands, compared to its average volume of 58,485. Lundin Mining has a 1-year low of $5.91 and a 1-year high of $13.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $9.95 and its 200-day simple moving average is $10.58. The firm has a market cap of $7.71 billion, a P/E ratio of 27.56, a PEG ratio of 0.33 and a beta of 1.50.

Lundin Mining Cuts Dividend

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

Analyst Ratings Changes

Separately, Scotiabank raised shares of Lundin Mining to a “hold” rating in a report on Monday, July 15th.

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.