Lundin Mining Co. (LUN) Forecasted to Post Q3 2016 Earnings of $0.03 Per Share
Lundin Mining Co. (TSE:LUN) – Equities researchers at Raymond James Financial cut their Q3 2016 earnings estimates for Lundin Mining in a report released on Thursday. Raymond James Financial analyst A. Terentiew now expects that the firm will earn $0.03 per share for the quarter, down from their previous forecast of $0.05. Raymond James Financial also issued estimates for Lundin Mining’s Q4 2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.08 EPS and Q2 2017 earnings at $0.09 EPS.
Several other brokerages have also recently weighed in on LUN. Canaccord Genuity lifted their price target on shares of Lundin Mining from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research note on Friday, August 12th. Goldman Sachs Group Inc. lifted their price target on shares of Lundin Mining from C$4.50 to C$4.70 in a research note on Wednesday, August 3rd. TD Securities reiterated a “buy” rating and set a C$6.50 price target on shares of Lundin Mining in a research note on Thursday, August 4th. Berenberg Bank lifted their price target on shares of Lundin Mining from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$6.00 price target on shares of Lundin Mining in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$6.05.
Shares of Lundin Mining (TSE:LUN) opened at 4.99 on Friday. The stock’s market capitalization is $3.59 billion. The firm’s 50-day moving average is $5.13 and its 200 day moving average is $4.75. Lundin Mining has a 52-week low of $2.98 and a 52-week high of $5.78.
Lundin Mining Company Profile
Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.
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