Lundin Mining Co. (LUN) to Post FY2016 Earnings of $0.00 Per Share, Raymond James Financial Forecasts
Lundin Mining Co. (TSE:LUN) – Analysts at Raymond James Financial reduced their FY2016 earnings estimates for shares of Lundin Mining in a research report issued to clients and investors on Thursday. Raymond James Financial analyst A. Terentiew now expects that the firm will post earnings per share of $0.00 for the year, down from their prior estimate of $0.05. Raymond James Financial also issued estimates for Lundin Mining’s Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.39 EPS.
Several other research firms have also recently weighed in on LUN. Scotiabank boosted their target price on Lundin Mining from C$6.00 to C$6.25 and gave the stock a “focus stock” rating in a research note on Sunday, September 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Lundin Mining in a research note on Friday, September 2nd. National Bank Financial boosted their target price on Lundin Mining from C$5.25 to C$6.75 in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. boosted their target price on Lundin Mining from C$2.80 to C$3.80 in a research note on Monday, June 27th. Finally, CIBC boosted their target price on Lundin Mining from C$5.50 to C$6.00 in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Lundin Mining presently has a consensus rating of “Buy” and an average target price of C$6.05.
Shares of Lundin Mining (TSE:LUN) opened at 5.34 on Monday. Lundin Mining has a 52-week low of $2.98 and a 52-week high of $5.78. The firm has a 50-day moving average price of $5.14 and a 200 day moving average price of $4.77. The stock’s market cap is $3.84 billion.
About Lundin Mining
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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