FY2017 Earnings Estimate for Lundin Mining Co. (TSE:LUN) Issued By National Bank Financial
Lundin Mining Co. (TSE:LUN) – National Bank Financial decreased their FY2017 earnings estimates for Lundin Mining in a research note issued to investors on Sunday. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.49 per share for the year, down from their previous forecast of $0.53. National Bank Financial has a “Outperform” rating and a $9.50 price target on the stock.
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A number of other research firms also recently commented on LUN. Scotiabank lifted their price target on Lundin Mining from C$9.00 to C$9.50 and gave the stock a “focus stock” rating in a research note on Thursday, April 27th. TD Securities lifted their price target on Lundin Mining from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 18th. Royal Bank Of Canada lifted their price target on Lundin Mining from C$8.00 to C$9.00 in a research note on Friday, May 19th. Berenberg Bank reiterated a “hold” rating on shares of Lundin Mining in a research note on Saturday, May 20th. Finally, BMO Capital Markets began coverage on Lundin Mining in a research note on Friday, June 2nd. They issued an “outperform” rating and a C$10.50 price target for the company. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lundin Mining currently has an average rating of “Buy” and an average target price of C$8.70.
Lundin Mining (TSE LUN) traded up 1.31% on Wednesday, hitting $8.49. The stock had a trading volume of 592,288 shares. The company’s 50-day moving average is $7.47 and its 200-day moving average is $7.62. Lundin Mining has a one year low of $4.91 and a one year high of $8.94. The stock’s market cap is $6.17 billion.
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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