Research Analysts Issue Forecasts for Lundin Mining Co.’s Q3 2016 Earnings (LUN)
Lundin Mining Co. (TSE:LUN) – Stock analysts at Raymond James Financial cut their Q3 2016 EPS estimates for Lundin Mining in a research note issued to investors on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the brokerage 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.
A number of other research analysts have also commented on the company. Scotiabank reaffirmed a “focus stock” rating and set a C$6.25 price target on shares of Lundin Mining in a research report on Thursday, September 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Friday, September 2nd. Canaccord Genuity upped their price target on Lundin Mining from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Friday, August 12th. TD Securities reaffirmed a “buy” rating and set a C$6.50 price target on shares of Lundin Mining in a research report on Thursday, August 4th. Finally, Goldman Sachs Group Inc. upped their price target on Lundin Mining from C$4.50 to C$4.70 in a research report on Wednesday, August 3rd. One 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$6.05.
Shares of Lundin Mining (TSE:LUN) traded down 1.57% on Friday, hitting $5.03. The company had a trading volume of 321,285 shares. Lundin Mining has a 52 week low of $2.98 and a 52 week high of $5.78. The firm’s 50 day moving average price is $5.13 and its 200-day moving average price is $4.74. The stock’s market capitalization is $3.62 billion.
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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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