Lundin Mining (OTCMKTS:LUNMF) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Lundin Mining Co. (OTCMKTS:LUNMF - Get Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.28 and traded as low as $7.02. Lundin Mining shares last traded at $7.72, with a volume of 191,418 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on LUNMF. The Goldman Sachs Group upgraded Lundin Mining from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. TD Securities upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th. Desjardins upgraded shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Lundin Mining Stock Down 1.3 %

The stock has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $8.94. The company has a market cap of $6.61 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 0.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 0.96.

Lundin Mining (OTCMKTS:LUNMF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.10). The firm had revenue of $858.90 million during the quarter, compared to the consensus estimate of $1.06 billion. Lundin Mining had a return on equity of 5.02% and a net margin of 6.63%. On average, research analysts expect that Lundin Mining Co. will post 0.53 EPS for the current year.

Lundin Mining Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 24th were given a dividend of $0.0634 per share. This represents a dividend yield of 2.79%. The ex-dividend date was Friday, March 21st. Lundin Mining's payout ratio is -92.31%.

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.