Lundin Mining (TSE:LUN – Get Free Report) issued its quarterly earnings data on Wednesday. The mining company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.12), reports. Lundin Mining had a net margin of 4.21% and a return on equity of 5.04%. The firm had revenue of C$1.46 billion during the quarter, compared to analyst estimates of C$1.49 billion.
Lundin Mining Trading Up 5.9 %
TSE LUN opened at C$14.45 on Friday. The firm’s fifty day moving average price is C$13.62 and its 200 day moving average price is C$14.52. The company has a market capitalization of C$11.23 billion, a price-to-earnings ratio of 51.61, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12 month low of C$8.18 and a 12 month high of C$17.97. The company has a debt-to-equity ratio of 24.64, a current ratio of 1.49 and a quick ratio of 0.90.
Lundin Mining Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, November 29th. This represents a $0.36 annualized dividend and a dividend yield of 2.49%. Lundin Mining’s dividend payout ratio is presently 128.57%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Lundin Mining
Insider Transactions at Lundin Mining
In other news, Director Jack Oliver Lundin acquired 65,000 shares of Lundin Mining stock in a transaction on Tuesday, September 3rd. The stock was bought at an average price of C$12.55 per share, for a total transaction of C$815,854.00. Insiders own 15.70% of the company’s stock.
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.
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