Lundin Mining Co. to Post FY2017 Earnings of $0.15 Per Share, National Bank Financial Forecasts (LUN)
Lundin Mining Co. (TSE:LUN) – Investment analysts at National Bank Financial lowered their FY2017 earnings per share (EPS) estimates for shares of Lundin Mining in a note issued to investors on Tuesday. National Bank Financial analyst S. Nagle now expects that the firm will earn $0.15 per share for the year, down from their prior estimate of $0.17. National Bank Financial also issued estimates for Lundin Mining’s FY2018 earnings at $0.49 EPS.
Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group Inc. raised their price objective on Lundin Mining from C$4.50 to C$4.70 in a report on Wednesday, August 3rd. CSFB lifted their target price on Lundin Mining from C$6.00 to C$6.50 in a report on Thursday, July 28th. CIBC lifted their target price on Lundin Mining from C$5.50 to C$6.00 in a report on Thursday, July 28th. Raymond James Financial Inc. cut their target price on Lundin Mining from C$6.25 to C$6.00 in a report on Thursday, October 13th. Finally, Canaccord Genuity lifted their target price on Lundin Mining from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Lundin Mining presently has a consensus rating of “Buy” and an average price target of C$6.34.
Shares of Lundin Mining (TSE:LUN) opened at 6.26 on Friday. Lundin Mining has a one year low of $2.98 and a one year high of $6.57. The firm has a 50 day moving average price of $5.47 and a 200 day moving average price of $4.99. The company’s market capitalization is $4.51 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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