Free Trial

BlackRock World Mining Trust (LON:BRWM) Shares Cross Above 50-Day Moving Average - Here's What Happened

BlackRock World Mining Trust logo with Financial Services background

BlackRock World Mining Trust plc (LON:BRWM - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 469.05 ($6.26) and traded as high as GBX 488 ($6.52). BlackRock World Mining Trust shares last traded at GBX 482 ($6.44), with a volume of 266,044 shares traded.

BlackRock World Mining Trust Price Performance

The company has a 50-day moving average of GBX 469.64 and a two-hundred day moving average of GBX 488.58. The stock has a market capitalization of £920.19 million, a PE ratio of -68.74 and a beta of 1.01.

BlackRock World Mining Trust (LON:BRWM - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The investment trust reported GBX 23.09 ($0.31) earnings per share (EPS) for the quarter. 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 Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 6.50 ($0.09) per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 1.29%. BlackRock World Mining Trust's dividend payout ratio is -486.41%.

Insider Activity at BlackRock World Mining Trust

In other news, insider Srinivasan Venkatakrishnan purchased 2,000 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of GBX 476 ($6.36) per share, for a total transaction of £9,520 ($12,715.37). 2.68% of the stock is currently owned by company insiders.

BlackRock World Mining Trust Company Profile

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in BlackRock World Mining Trust Right Now?

Before you consider BlackRock World Mining Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock World Mining Trust wasn't on the list.

While BlackRock World Mining Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines