National Bank Financial downgraded shares of Lundin Mining Co. (TSE:LUN) from an outperform rating to a sector perform rating in a report issued on Wednesday, October 18th. National Bank Financial currently has C$11.50 price objective on the mining company’s stock, up from their prior price objective of C$10.50. National Bank Financial also issued estimates for Lundin Mining’s Q3 2017 earnings at $0.15 EPS, FY2017 earnings at $0.66 EPS and FY2018 earnings at $0.79 EPS.
A number of other equities analysts have also issued reports on LUN. CIBC reissued an outperform rating and set a C$12.00 price target on shares of Lundin Mining in a research report on Friday, September 15th. Scotiabank reissued a focus stock rating and set a C$10.50 price target on shares of Lundin Mining in a research report on Wednesday, September 6th. TD Securities raised their price target on shares of Lundin Mining from C$10.00 to C$10.50 and gave the stock a buy rating in a research report on Monday, July 31st. Berenberg Bank reduced their price target on shares of Lundin Mining from C$9.00 to C$8.65 in a research report on Wednesday, July 12th. Finally, Eight Capital reaffirmed a buy rating on shares of Lundin Mining in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of C$9.98.
Shares of Lundin Mining (LUN) traded up C$0.30 during trading on Wednesday, hitting C$10.05. 2,797,915 shares of the company traded hands, compared to its average volume of 2,470,000. Lundin Mining has a 52-week low of C$5.15 and a 52-week high of C$10.22.
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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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