Q3 2017 EPS Estimates for Lundin Mining Co. Raised by National Bank Financial (LUN)
Lundin Mining Co. (TSE:LUN) – Equities research analysts at National Bank Financial lifted their Q3 2017 earnings per share estimates for Lundin Mining in a research note issued on Tuesday. National Bank Financial analyst S. Nagle now forecasts that the mining company will post earnings of $0.15 per share for the quarter, up from their prior forecast of $0.13. National Bank Financial currently has a “Sector Perform” rating and a $11.50 price objective on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2017 earnings at $0.66 EPS and FY2018 earnings at $0.79 EPS.
Lundin Mining (TSE:LUN) last posted its quarterly earnings data on Wednesday, July 26th. The mining company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.03. The business had revenue of C$611.61 million for the quarter. Lundin Mining had a net margin of 14.08% and a return on equity of 5.92%.
Other research analysts have also issued reports about the stock. Berenberg Bank cut their target price on shares of Lundin Mining from C$10.00 to C$9.25 in a research note on Friday, September 8th. Eight Capital reaffirmed a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. TD Securities raised their price objective on shares of Lundin Mining from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Monday, July 31st. Scotiabank reaffirmed a “focus stock” rating and issued a C$9.25 price objective on shares of Lundin Mining in a research note on Thursday, July 27th. Finally, CIBC reaffirmed an “outperform” rating and issued a C$12.00 price objective on shares of Lundin Mining in a research note on Friday, September 15th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Lundin Mining currently has an average rating of “Buy” and a consensus price target of C$9.88.
Shares of Lundin Mining (LUN) opened at 9.83 on Thursday. Lundin Mining has a 52-week low of $5.02 and a 52-week high of $9.96. The company has a 50-day moving average of $9.15 and a 200 day moving average of $8.13. The company has a market capitalization of $7.15 billion and a PE ratio of 22.70.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Friday, September 8th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, September 7th.
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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