Cormark Research Analysts Lift Earnings Estimates for Lundin Mining Co. (LUN)
Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark upped their FY2018 earnings per share estimates for shares of Lundin Mining in a research note issued on Monday. Cormark analyst S. Ioannou now expects that the mining company will earn $0.58 per share for the year, up from their prior forecast of $0.53. Cormark also issued estimates for Lundin Mining’s FY2019 earnings at $0.50 EPS.
Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Wednesday, July 26th. The mining company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.03. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. The company had revenue of C$611.61 million for the quarter. ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/24/cormark-research-analysts-lift-earnings-estimates-for-lundin-mining-co-lun.html.
Several other brokerages also recently issued reports on LUN. TD Securities raised their price objective on shares of Lundin Mining from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Monday, July 31st. Berenberg Bank lowered their price objective on shares of Lundin Mining from C$10.00 to C$9.25 in a research report on Friday, September 8th. CIBC reissued an “outperform” rating and set a C$12.00 price objective on shares of Lundin Mining in a research report on Friday, September 15th. Scotiabank reissued a “focus stock” rating and set a C$10.50 price objective on shares of Lundin Mining in a research report on Wednesday, September 6th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$10.50 price objective on shares of Lundin Mining in a research report on Monday. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$9.88.
Lundin Mining (TSE:LUN) traded down 0.90% during midday trading on Tuesday, reaching $9.93. 1,959,257 shares of the company’s stock traded hands. Lundin Mining has a 1-year low of $5.10 and a 1-year high of $10.22. The firm’s 50 day moving average price is $9.18 and its 200-day moving average price is $8.19. The company has a market capitalization of $7.22 billion and a PE ratio of 22.93.
Lundin Mining Company Profile
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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