Analysts Offer Predictions for Lundin Mining Co.’s FY2018 Earnings (LUN)
Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark raised their FY2018 EPS estimates for shares of Lundin Mining in a research note issued to investors on Wednesday. Cormark analyst S. Ioannou now forecasts that the mining company will earn $0.26 per share for the year, up from their previous forecast of $0.14. Cormark also issued estimates for Lundin Mining’s FY2019 earnings at $0.25 EPS.
Other equities research analysts also recently issued research reports about the company. Eight Capital decreased their target price on Lundin Mining from C$12.00 to C$11.00 in a research report on Friday, December 1st. CIBC decreased their target price on Lundin Mining from C$12.00 to C$10.00 in a research report on Friday, December 1st. Berenberg Bank upped their target price on Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. Morgan Stanley decreased their target price on Lundin Mining from C$7.20 to C$6.10 in a research report on Tuesday, December 5th. Finally, BMO Capital Markets upped their target price on Lundin Mining from C$9.50 to C$10.00 in a research report on Monday, December 18th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$9.30.
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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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