Lundin Mining Co. to Post Q2 2017 Earnings of $0.08 Per Share, National Bank Financial Forecasts (TSE:LUN)
Lundin Mining Co. (TSE:LUN) – Equities researchers at National Bank Financial lowered their Q2 2017 earnings estimates for shares of Lundin Mining in a research note issued to investors on Sunday. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.11. National Bank Financial currently has a “Outperform” rating and a $9.50 price objective on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2018 earnings at $0.60 EPS.
LUN has been the subject of several other reports. Berenberg Bank increased their target price on Lundin Mining from C$8.00 to C$9.00 and gave the company a “buy” rating in a research note on Friday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$11.00 target price on shares of Lundin Mining in a research note on Thursday, April 20th. CSFB assumed coverage on Lundin Mining in a research note on Thursday, April 13th. They set an “outperform” rating and a C$9.50 target price for the company. BMO Capital Markets assumed coverage on Lundin Mining in a research note on Friday, June 2nd. They set an “outperform” rating and a C$10.50 target price for the company. Finally, TD Securities reiterated a “buy” rating and set a C$9.50 target price on shares of Lundin Mining in a research note on Thursday, April 27th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$8.70.
Shares of Lundin Mining (TSE LUN) opened at 8.00 on Tuesday. The firm’s market cap is $5.81 billion. The firm’s 50-day moving average is $7.47 and its 200-day moving average is $7.62. Lundin Mining has a 12-month low of $4.91 and a 12-month high of $8.94.
About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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