Lundin Mining Co. (TSE:LUN) – Investment analysts at Cormark upped their FY2017 EPS estimates for shares of Lundin Mining in a note issued to investors on Friday. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.49 per share for the year, up from their previous estimate of $0.48. Cormark also issued estimates for Lundin Mining’s Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.11 EPS and FY2018 earnings at $0.44 EPS.
Other equities research analysts have also recently issued reports about the company. Berenberg Bank reiterated a “hold” rating on shares of Lundin Mining in a research note on Saturday. CSFB initiated coverage on Lundin Mining in a research note on Thursday, April 13th. They issued an “outperform” rating and a C$9.50 price objective for the company. Royal Bank of Canada raised their price objective on Lundin Mining from C$8.00 to C$9.00 in a research note on Friday, May 19th. TD Securities raised their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research note on Thursday, May 18th. Finally, Scotiabank set a C$9.00 price objective on Lundin Mining and gave the stock a “focus stock” rating in a research note on Friday, February 24th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$8.55.
Shares of Lundin Mining (TSE:LUN) opened at 7.58 on Monday. Lundin Mining has a 1-year low of $4.08 and a 1-year high of $8.94. The company’s market capitalization is $5.51 billion. The firm’s 50 day moving average price is $7.27 and its 200-day moving average price is $7.36.
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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