Raymond James Financial Comments on Lundin Mining Co.’s FY2016 Earnings (LUN)
Lundin Mining Co. (TSE:LUN) – Investment analysts at Raymond James Financial reduced their FY2016 EPS estimates for shares of Lundin Mining in a research report issued to clients and investors on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will earn $0.00 per share for the year, down from their prior forecast 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.
Other equities research analysts have also issued reports about the company. Goldman Sachs Group Inc. lifted their price target on Lundin Mining from C$2.80 to C$3.80 in a report on Monday, June 27th. National Bank Financial lifted their price target on Lundin Mining from C$5.25 to C$6.75 in a report on Tuesday, July 19th. Berenberg Bank lifted their price target on Lundin Mining from C$4.20 to C$4.50 in a report on Friday, July 8th. CSFB lifted their price target on Lundin Mining from C$6.00 to C$6.50 in a report on Thursday, July 28th. Finally, CIBC lifted their price target on Lundin Mining from C$5.50 to C$6.00 in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Lundin Mining currently 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 Monday. The firm has a 50-day moving average of $5.13 and a 200 day moving average of $4.75. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $5.78. The firm’s market cap is $3.59 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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