Cormark Comments on Lundin Mining Co.’s Q4 2017 Earnings (LUN)
Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark upped their Q4 2017 earnings per share (EPS) estimates for Lundin Mining in a note issued to investors on Friday. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.14. Cormark also issued estimates for Lundin Mining’s FY2018 earnings at $0.59 EPS.
LUN has been the topic of a number of other reports. TD Securities upped their target price 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. BMO Capital Markets restated an “outperform” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Monday, October 23rd. Berenberg Bank upped their target price on shares of Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. National Bank Financial lowered their target price on shares of Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Finally, CIBC restated an “outperform” rating and set a C$12.00 target price on shares of Lundin Mining in a research report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$9.98.
Lundin Mining (TSE LUN) traded up 0.62% on Monday, hitting $9.76. The stock had a trading volume of 337,661 shares. The firm has a market capitalization of $7.10 billion and a price-to-earnings ratio of 22.54. Lundin Mining has a 1-year low of $5.15 and a 1-year high of $10.22. The stock’s 50-day moving average is $9.24 and its 200 day moving average is $8.27.
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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