Lundin Mining Co. (TSE:LUN) – Investment analysts at National Bank Financial reduced their FY2018 EPS estimates for Lundin Mining in a research report issued to clients and investors on Monday, April 9th. National Bank Financial analyst S. Nagle now anticipates that the mining company will post earnings per share of $0.67 for the year, down from their prior forecast of $0.74. National Bank Financial has a “Outperform” rating and a $11.50 price target on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2019 earnings at $0.75 EPS.
LUN has been the topic of several other reports. Scotiabank reaffirmed an “outperform” rating and set a C$9.50 price objective on shares of Lundin Mining in a research note on Friday, February 16th. Berenberg Bank increased their price target on shares of Lundin Mining from C$7.50 to C$9.00 in a research note on Thursday, February 8th. CIBC cut shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their price target on shares of Lundin Mining from C$9.50 to C$10.00 in a research note on Monday, December 18th. Finally, Handelsbanken cut shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$9.30.
Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported C$0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.17 by C$0.06. The firm had revenue of C$677.33 million for the quarter. Lundin Mining had a net margin of 28.87% and a return on equity of 14.83%.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Friday, March 23rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.12 annualized dividend and a dividend yield of 1.50%.
In related news, insider Neil Patrick Matthew O’brien sold 55,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$8.42, for a total value of C$463,100.00. Also, insider Stephen Trelawney Gatley sold 120,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$8.47, for a total transaction of C$1,016,400.00.
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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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