Lundin Mining Co. (TSE:LUN) – Analysts at Cormark raised their FY2018 earnings per share (EPS) estimates for Lundin Mining in a research note issued to investors on Wednesday. Cormark analyst S. Ioannou now forecasts that the mining company will post earnings per share of $0.26 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.
A number of other equities analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of Lundin Mining from C$9.50 to C$10.00 in a research report on Monday, December 18th. CIBC decreased their target price on shares of Lundin Mining from C$7.00 to C$6.00 in a research report on Thursday, December 14th. Berenberg Bank reissued a “hold” rating and issued a C$7.50 price target on shares of Lundin Mining in a report on Thursday, December 7th. Morgan Stanley cut their price target on shares of Lundin Mining from C$7.20 to C$6.10 in a report on Tuesday, December 5th. Finally, CSFB upped their price target on shares of Lundin Mining from C$8.75 to C$11.50 and gave the company a “neutral” rating in a report on Monday, December 4th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Lundin Mining has a consensus rating of “Hold” and a consensus target price of C$9.30.
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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.
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