Cormark Analysts Raise Earnings Estimates for Lundin Mining Co. (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark increased their Q3 2017 earnings per share (EPS) estimates for Lundin Mining in a research report issued on Monday. Cormark analyst S. Ioannou now expects that the mining company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.10. Cormark also issued estimates for Lundin Mining’s Q4 2017 earnings at $0.11 EPS, FY2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.07 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.10 EPS, Q4 2018 earnings at $0.10 EPS and FY2018 earnings at $0.36 EPS.

Lundin Mining (TSE:LUN) last posted its earnings results on Wednesday, July 26th. The mining company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%. The business had revenue of $611.61 million during the quarter.

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LUN has been the topic of several other research reports. Royal Bank of Canada restated an “outperform” rating on shares of Lundin Mining in a research report on Tuesday, April 11th. TD Securities reissued a “buy” rating and issued a C$9.50 price target on shares of Lundin Mining in a research note on Thursday, April 27th. National Bank Financial decreased their price target on shares of Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating on the stock in a research note on Monday, July 24th. Scotiabank raised their price target on shares of Lundin Mining from C$9.00 to C$9.50 and gave the stock a “focus stock” rating in a research note on Thursday, April 27th. Finally, Berenberg Bank decreased their price target on shares of Lundin Mining from C$9.00 to C$8.65 in a research note on Wednesday, July 12th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$8.77.

Lundin Mining (TSE LUN) opened at 9.16 on Tuesday. The stock has a market cap of $6.66 billion and a PE ratio of 21.15. Lundin Mining has a 1-year low of $4.91 and a 1-year high of $9.22. The company’s 50 day moving average is $7.69 and its 200-day moving average is $7.66.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Friday, September 8th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.31%.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo (DRC). It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals.

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

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