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

Lundin Mining (OTCMKTS:LUNMF) issued its quarterly earnings data 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 company 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 Down 5.1 %

Lundin Mining stock traded down $0.53 during mid-day trading on Friday, reaching $9.92. 22,864 shares of the company were exchanged, compared to its average volume of 58,485. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.00 and a current ratio of 1.49. The business has a fifty day moving average of $9.95 and a 200 day moving average of $10.58. Lundin Mining has a 12-month low of $5.91 and a 12-month high of $13.26. 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 announced a dividend, which was paid on Wednesday, September 11th. Investors of record on Monday, September 2nd were issued 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 presently 72.22%.

Analyst Ratings Changes

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.