Lundin Mining Co. (TSE:LUN) – Equities research analysts at Raymond James Financial lowered their Q3 2016 earnings per share estimates for shares of Lundin Mining in a report released on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the brokerage will earn $0.03 per share for the quarter, down from their previous estimate of $0.05. Raymond James Financial also issued estimates for Lundin Mining’s Q4 2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.08 EPS and Q2 2017 earnings at $0.09 EPS.
A number of other analysts have also recently issued reports on LUN. Goldman Sachs Group Inc. lifted their price objective on Lundin Mining from C$2.80 to C$3.80 in a research report on Monday, June 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of Lundin Mining in a research report on Thursday, June 30th. Scotiabank lifted their price objective on Lundin Mining from C$5.25 to C$5.50 and gave the company a “focus stock” rating in a research report on Thursday, June 30th. TD Securities lifted their price objective on Lundin Mining from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Thursday, June 30th. Finally, Berenberg Bank lifted their price objective on Lundin Mining from C$4.20 to C$4.50 in a research report on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$6.05.
Shares of Lundin Mining (TSE:LUN) opened at 4.99 on Friday. The firm’s market cap is $3.59 billion. Lundin Mining has a 52 week low of $2.98 and a 52 week high of $5.79. The firm’s 50-day moving average price is $5.13 and its 200-day moving average price is $4.75.
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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