Q4 2017 EPS Estimates for Lundin Mining Co. (LUN) Raised by Analyst
Lundin Mining Co. (TSE:LUN) – Equities research analysts at Cormark upped their Q4 2017 earnings estimates for shares of Lundin Mining in a research note issued to investors on Friday. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.18 per share for the quarter, up from their previous forecast of $0.14. Cormark also issued estimates for Lundin Mining’s FY2018 earnings at $0.59 EPS.
Several other research firms also recently issued reports on LUN. BMO Capital Markets reiterated an “outperform” rating and set a C$10.50 price target on shares of Lundin Mining in a research note on Monday, October 23rd. Berenberg Bank upped their price target on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday. Scotiabank reiterated a “focus stock” rating and set a C$10.50 price target on shares of Lundin Mining in a research note on Thursday. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. Finally, Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$9.98.
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Shares of Lundin Mining (TSE:LUN) opened at 9.47 on Monday. The stock has a market capitalization of $6.88 billion and a P/E ratio of 21.87. The company’s 50 day moving average price is $9.21 and its 200 day moving average price is $8.24. Lundin Mining has a one year low of $5.15 and a one year high of $10.22.
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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