Lundin Mining Co. (TSE:LUN) to Post Q2 2019 Earnings of ($0.01) Per Share, National Bank Financial Forecasts

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Lundin Mining Co. (TSE:LUN) – Equities research analysts at National Bank Financial issued their Q2 2019 earnings per share (EPS) estimates for shares of Lundin Mining in a research report issued on Wednesday, July 17th, according to Zacks Investment Research. National Bank Financial analyst S. Nagle forecasts that the mining company will post earnings per share of ($0.01) for the quarter. National Bank Financial has a “Outperform” rating and a $9.00 price target on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2019 earnings at $0.28 EPS and FY2020 earnings at $0.60 EPS.

Several other analysts also recently weighed in on the stock. Cormark lifted their price objective on shares of Lundin Mining from C$10.00 to C$10.50 in a research report on Tuesday, July 23rd. BMO Capital Markets cut their price objective on shares of Lundin Mining from C$8.25 to C$8.00 in a research report on Thursday, July 25th. CSFB cut their price objective on shares of Lundin Mining from C$9.00 to C$8.25 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Haywood Securities lifted their price objective on shares of Lundin Mining from C$9.00 to C$10.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lundin Mining from C$9.00 to C$8.50 in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Lundin Mining currently has a consensus rating of “Buy” and an average price target of C$9.03.

Shares of LUN stock traded down C$0.23 during trading hours on Monday, hitting C$5.97. The company’s stock had a trading volume of 1,559,956 shares, compared to its average volume of 2,392,662. The firm has a market capitalization of $4.36 billion and a PE ratio of 54.77. The stock has a fifty day moving average of C$6.73. Lundin Mining has a twelve month low of C$4.70 and a twelve month high of C$7.96. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 1.76.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Friday, September 6th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 5th. Lundin Mining’s payout ratio is 82.88%.

In related news, insider Nemesia S.a.r.l. acquired 150,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of C$5.94 per share, with a total value of C$890,790.00. Following the acquisition, the insider now directly owns 93,822,698 shares in the company, valued at C$557,175,474.34.

Lundin Mining Company Profile

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% interests 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 the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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Earnings History and Estimates for Lundin Mining (TSE:LUN)

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