Lundin Mining Co. (LUN) to Post FY2016 Earnings of $0.00 Per Share, Raymond James Financial Forecasts

Lundin Mining Co. (TSE:LUN) – Analysts at Raymond James Financial reduced their FY2016 earnings per share (EPS) estimates for Lundin Mining in a report released on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the firm will earn $0.00 per share for the year, down from their prior forecast of $0.05. Raymond James Financial also issued estimates for Lundin Mining’s Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.39 EPS.

Several other research analysts also recently commented on the stock. Scotiabank reissued a “focus stock” rating and set a C$6.25 price objective on shares of Lundin Mining in a report on Tuesday, September 13th. National Bank Financial lowered their price target on shares of Lundin Mining from C$7.35 to C$7.20 in a report on Wednesday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$6.00 price target on shares of Lundin Mining in a report on Friday, July 22nd. Canaccord Genuity increased their price target on shares of Lundin Mining from C$6.00 to C$7.00 and gave the company a “buy” rating in a report on Monday, July 25th. Finally, Goldman Sachs Group Inc. increased their price target on shares of Lundin Mining from C$2.80 to C$3.80 in a report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Lundin Mining has a consensus rating of “Buy” and a consensus price target of C$6.05.

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

Lundin Mining (TSE:LUN) opened at 5.34 on Monday. Lundin Mining has a one year low of $2.98 and a one year high of $5.78. The company’s 50-day moving average price is $5.14 and its 200-day moving average price is $4.77. The stock’s market cap is $3.84 billion.

Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.

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