Today: The Research Analysts Issue Forecasts for Lundin Mining Co.’s Q3 2016 Earnings (LUN)

The Research Analysts Issue Forecasts for Lundin Mining Co.’s Q3 2016 Earnings (LUN)

Lundin Mining Co. (TSE:LUN) – Stock analysts at Raymond James Financial cut their Q3 2016 EPS estimates for Lundin Mining in a research note issued to investors on Thursday. Raymond James Financial analyst A. Terentiew now forecasts that the brokerage will earn $0.03 per share for the quarter, down from their previous forecast of $0.05. Raymond James Financial also issued estimates for Lundin Mining’s Q4 2016 earnings at $0.05 EPS, Q1 2017 earnings at $0.08 EPS and Q2 2017 earnings at $0.09 EPS.

A number of other research analysts have also commented on the company. Scotiabank reaffirmed a “focus stock” rating and set a C$6.25 price target on shares of Lundin Mining in a research report on Thursday, September 29th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Lundin Mining in a research report on Friday, September 2nd. Canaccord Genuity upped their price target on Lundin Mining from C$7.00 to C$7.50 and gave the company a “buy” rating in a research report on Friday, August 12th. TD Securities reaffirmed a “buy” rating and set a C$6.50 price target on shares of Lundin Mining in a research report on Thursday, August 4th. Finally, Goldman Sachs Group Inc. upped their price target on Lundin Mining from C$4.50 to C$4.70 in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$6.05.

Shares of Lundin Mining (TSE:LUN) traded down 1.57% on Friday, hitting $5.03. The company had a trading volume of 321,285 shares. Lundin Mining has a 52 week low of $2.98 and a 52 week high of $5.78. The firm’s 50 day moving average price is $5.13 and its 200-day moving average price is $4.74. The stock’s market capitalization is $3.62 billion.

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