National Bank Financial Analysts Reduce Earnings Estimates for Lundin Mining Co. (LUN)

Lundin Mining Co. (TSE:LUN) – Equities research analysts at National Bank Financial cut their Q4 2017 earnings per share (EPS) estimates for Lundin Mining in a note issued to investors on Wednesday. National Bank Financial analyst S. Nagle now anticipates that the mining company will earn $0.17 per share for the quarter, down from their previous estimate of $0.19. National Bank Financial currently has a “Sector Perform” rating and a $11.50 price objective on the stock.

A number of other brokerages have also weighed in on LUN. Handelsbanken lowered shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a research report on Monday, January 22nd. BMO Capital Markets increased their target price on shares of Lundin Mining from C$9.50 to C$10.00 in a research report on Monday, December 18th. Morgan Stanley cut their target price on shares of Lundin Mining from C$7.20 to C$6.10 in a research report on Tuesday, December 5th. CSFB increased their target price on shares of Lundin Mining from C$8.75 to C$11.50 and gave the stock a “neutral” rating in a research report on Monday, December 4th. Finally, CIBC lowered shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Lundin Mining has a consensus rating of “Hold” and an average target price of C$9.30.

Lundin Mining (TSE LUN) opened at C$8.91 on Friday. The firm has a market cap of $6,480.00, a PE ratio of 13.50 and a beta of 1.34. Lundin Mining has a 1 year low of C$6.62 and a 1 year high of C$10.22.

WARNING: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/02/national-bank-financial-analysts-reduce-earnings-estimates-for-lundin-mining-co-lun.html.

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.

Earnings History and Estimates for Lundin Mining (TSE:LUN)

Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply