Haywood Securities Analysts Boost Earnings Estimates for Lundin Mining Co. (LUN)
Lundin Mining Co. (TSE:LUN) – Haywood Securities boosted their FY2017 EPS estimates for shares of Lundin Mining in a report issued on Wednesday. Haywood Securities analyst P. Vaillancourt now anticipates that the mining company will post earnings per share of $0.74 for the year, up from their previous forecast of $0.48. Haywood Securities also issued estimates for Lundin Mining’s FY2018 earnings at $0.57 EPS.
A number of other brokerages also recently commented on LUN. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.50 price target on shares of Lundin Mining in a research report on Monday, October 23rd. Berenberg Bank increased their price target on Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. Scotiabank reaffirmed a “focus stock” rating and set a C$10.50 price target on shares of Lundin Mining in a research report on Thursday, October 26th. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$10.50 to C$11.50 in a research report on Wednesday, October 18th. Finally, Eight Capital reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Lundin Mining has a consensus rating of “Buy” and a consensus price target of C$10.19.
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Shares of Lundin Mining (TSE:LUN) opened at C$9.42 on Monday. Lundin Mining has a 52-week low of C$6.25 and a 52-week high of C$10.22.
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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