Lundin Mining Co. (TSE:LUN) Announces Earnings Results, Beats Expectations By $0.03 EPS
Lundin Mining Co. (TSE:LUN) issued its quarterly earnings data on Wednesday. The mining company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03, Yahoo Finance reports. The business had revenue of $611.61 million for the quarter. Lundin Mining had a return on equity of 7.18% and a net margin of 14.84%.
Shares of Lundin Mining (TSE LUN) traded up 0.94% on Thursday, hitting $8.63. The stock had a trading volume of 2,386,168 shares. The stock’s market cap is $6.27 billion. Lundin Mining has a 12 month low of $4.91 and a 12 month high of $8.94. The company has a 50 day moving average price of $7.55 and a 200-day moving average price of $7.63.
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LUN has been the topic of several recent research reports. Scotiabank lifted their target price on Lundin Mining from C$9.00 to C$9.50 and gave the stock a “focus stock” rating in a report on Thursday, April 27th. TD Securities boosted their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the company a “buy” rating in a research note on Thursday, May 18th. Royal Bank Of Canada upped their price target on Lundin Mining from C$8.00 to C$9.00 in a research note on Friday, May 19th. Berenberg Bank reaffirmed 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 set an “outperform” rating and a C$10.50 price target on the stock. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Lundin Mining presently has an average rating of “Buy” and a consensus target price of C$8.73.
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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