Cormark Equities Analysts Boost Earnings Estimates for Lundin Mining Co. (LUN)

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Cormark lifted their Q4 2017 earnings per share estimates for shares of Lundin Mining in a research report issued on Friday. Cormark analyst S. Ioannou now anticipates that the mining company will post earnings per share of $0.18 for the quarter, up from their prior forecast of $0.14. Cormark also issued estimates for Lundin Mining’s FY2018 earnings at $0.59 EPS.

A number of other equities research analysts have also recently commented on the company. Scotiabank reaffirmed a “focus stock” rating and set a C$10.50 price objective on shares of Lundin Mining in a research note on Thursday, October 26th. Berenberg Bank lifted their price objective on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.50 price objective on shares of Lundin Mining in a research note on Monday, October 23rd. National Bank Financial cut Lundin Mining from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. Finally, CIBC reaffirmed an “outperform” rating and set a C$12.00 price objective on shares of Lundin Mining in a research note on Friday, September 15th. Two equities research analysts have 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 company has a consensus rating of “Buy” and a consensus price target of C$9.98.

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Lundin Mining (TSE LUN) traded up 3.100% during trading on Monday, hitting $10.145. The company had a trading volume of 1,443,690 shares. The firm has a 50-day moving average of $9.26 and a 200 day moving average of $8.28. The company has a market capitalization of $7.38 billion and a price-to-earnings ratio of 23.430. Lundin Mining has a 12-month low of $5.15 and a 12-month high of $10.22.

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.

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

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