Lundin Mining Co. (OTCMKTS:LUNMF) Short Interest Update

Lundin Mining Co. (OTCMKTS:LUNMF) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 20,243,300 shares, a decline of 20.1% from the January 15th total of 25,324,400 shares. Based on an average trading volume of 398,300 shares, the short-interest ratio is presently 50.8 days.

Lundin Mining Stock Performance

OTCMKTS:LUNMF traded down $0.01 on Friday, reaching $8.70. 208,347 shares of the company’s stock were exchanged, compared to its average volume of 297,242. The stock has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $9.42. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 0.36 and a beta of 1.46. Lundin Mining has a 52 week low of $7.51 and a 52 week high of $13.26. 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 Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 11th. Stockholders of record on Monday, December 2nd were issued a $0.0647 dividend. This represents a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, November 29th. Lundin Mining’s payout ratio is currently 75.00%.

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.