FY2018 Earnings Forecast for Lundin Mining Co. Issued By Cormark (LUN)

Lundin Mining Co. (TSE:LUN) – Equities research analysts at Cormark boosted their FY2018 earnings per share estimates for shares of Lundin Mining in a report issued on Wednesday. Cormark analyst S. Ioannou now expects that the mining company will post earnings of $0.26 per share for the year, up from their prior estimate of $0.14. Cormark also issued estimates for Lundin Mining’s FY2019 earnings at $0.25 EPS.

LUN has been the topic of a number of other research reports. Scotiabank lifted their price objective on Lundin Mining from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.50 target price on shares of Lundin Mining in a report on Monday, October 23rd. Berenberg Bank lifted their target price on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. CIBC reiterated an “outperform” rating and issued a C$12.00 target price on shares of Lundin Mining in a report on Friday, September 15th. Finally, Morgan Stanley dropped their target price on Lundin Mining from C$7.20 to C$6.10 in a report on Tuesday, December 5th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Lundin Mining has an average rating of “Hold” and an average target price of C$9.30.

Lundin Mining (TSE:LUN) traded down C$0.10 during trading hours on Friday, reaching C$8.70. The company’s stock had a trading volume of 1,231,200 shares, compared to its average volume of 5,880,000. Lundin Mining has a 1-year low of C$6.62 and a 1-year high of C$10.22. The company has a market cap of $6,320.00, a P/E ratio of 12.99 and a beta of 1.34.

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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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