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

BlackRock World Mining Trust (LON:BRWM) announced 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 Price Performance

LON:BRWM opened at GBX 481.66 ($6.21) on Friday. The company’s 50-day moving average is GBX 491.46 and its two-hundred day moving average is GBX 507.07. The firm has a market capitalization of £922.40 million, a price-to-earnings ratio of -68.91 and a beta of 1.01. BlackRock World Mining Trust has a 1-year low of GBX 463.20 ($5.97) and a 1-year high of GBX 634 ($8.17).

BlackRock World Mining Trust Increases Dividend

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

Insider Activity

In related news, insider Srinivasan Venkatakrishnan bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of GBX 476 ($6.13) per share, with a total value of £9,520 ($12,268.04). Corporate insiders own 2.68% of the company’s stock.

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.