Lundin Mining Co. (TSE:LUN) PT Lowered to C$9.50

Lundin Mining Co. (TSE:LUN) had its target price trimmed by National Bank Financial from C$10.50 to C$9.50 in a research report report published on Monday, July 24th. The firm currently has an outperform rating on the mining company’s stock. National Bank Financial also issued estimates for Lundin Mining’s Q2 2017 earnings at $0.08 EPS, FY2017 earnings at $0.49 EPS and FY2018 earnings at $0.60 EPS.

Other analysts have also issued reports about the company. Berenberg Bank reiterated a hold rating on shares of Lundin Mining in a report on Saturday, May 20th. CSFB began coverage on Lundin Mining in a report on Thursday, April 13th. They set an outperform rating and a C$9.50 price objective for the company. Royal Bank Of Canada increased their price objective on Lundin Mining from C$8.00 to C$9.00 in a report on Friday, May 19th. BMO Capital Markets began coverage on Lundin Mining in a report on Friday, June 2nd. They set an outperform rating and a C$10.50 price objective for the company. Finally, TD Securities increased their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the stock a buy rating in a report on Thursday, May 18th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$8.77.

Lundin Mining (LUN) traded down 0.22% during trading on Monday, reaching $9.03. The company had a trading volume of 1,743,653 shares. The stock has a market cap of $6.56 billion and a PE ratio of 20.85. The company has a 50-day moving average price of $8.31 and a 200 day moving average price of $7.77. Lundin Mining has a 52-week low of $4.91 and a 52-week high of $9.46.

Lundin Mining (TSE:LUN) last issued its earnings results on Wednesday, July 26th. The mining company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The business had revenue of $611.61 million during the quarter. On average, analysts anticipate that Lundin Mining will post $0.35 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Friday, September 8th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, September 7th.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo (DRC). It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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