Lundin Mining Co. (LUN) Forecasted to Earn FY2017 Earnings of $0.74 Per Share

Lundin Mining Co. (TSE:LUN) – Investment analysts at National Bank Financial upped their FY2017 earnings per share estimates for shares of Lundin Mining in a research note issued on Thursday. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.74 for the year, up from their previous estimate of $0.66. National Bank Financial has a “Sector Perform” rating and a $11.50 price objective on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2018 earnings at $0.88 EPS.

A number of other equities analysts have also weighed in on the company. Scotiabank reaffirmed a “focus stock” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Thursday. Eight Capital reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Berenberg Bank lowered their target price on Lundin Mining from C$9.00 to C$8.65 in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Monday, October 23rd. Finally, CIBC reaffirmed 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$9.98.

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Shares of Lundin Mining (LUN) opened at 9.47 on Monday. The company has a market capitalization of $6.88 billion and a PE ratio of 21.87. The company’s 50-day moving average price is $9.21 and its 200-day moving average price is $8.24. Lundin Mining has a 1-year low of $5.15 and a 1-year high of $10.22.

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.

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

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