FY2018 EPS Estimates for Lundin Mining Co. (LUN) Lowered by Cormark
Lundin Mining Co. (TSE:LUN) – Equities researchers at Cormark lowered their FY2018 earnings per share estimates for Lundin Mining in a research report issued on Friday, October 26th. Cormark analyst S. Ioannou now anticipates that the mining company will earn $0.25 per share for the year, down from their previous forecast of $0.31. Cormark also issued estimates for Lundin Mining’s Q1 2019 earnings at $0.10 EPS, Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.09 EPS and Q1 2020 earnings at $0.17 EPS.
Several other equities analysts have also recently issued reports on LUN. National Bank Financial decreased their price target on Lundin Mining from C$11.25 to C$10.00 in a report on Saturday, July 14th. CIBC upgraded Lundin Mining from a “neutral” rating to an “outperform” rating and set a C$10.00 price target on the stock in a report on Tuesday, July 31st. CSFB reiterated a “neutral” rating and issued a C$10.00 price target on shares of Lundin Mining in a report on Monday, September 10th. Barclays reiterated an “overweight” rating on shares of Lundin Mining in a report on Wednesday, October 10th. Finally, Raymond James decreased their price target on Lundin Mining from C$9.00 to C$8.50 and set a “market perform” rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Lundin Mining currently has an average rating of “Hold” and an average target price of C$9.31.
In other Lundin Mining news, insider Jinhee Magie sold 20,334 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of C$7.07, for a total transaction of C$143,761.38. Also, insider Mikael Schauman bought 110,000 shares of Lundin Mining stock in a transaction on Wednesday, September 5th. The shares were bought at an average price of C$5.01 per share, for a total transaction of C$551,100.00.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 19th. Investors of record on Friday, December 7th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 2.29%. The ex-dividend date is Thursday, December 6th.
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, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Read More: What does relative strength index mean?
Receive News & Ratings for Lundin Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining and related companies with MarketBeat.com's FREE daily email newsletter.