FY2019 EPS Estimates for Lundin Mining Co. Cut by National Bank Financial (TSE:LUN)

Lundin Mining Co. (TSE:LUN) – Equities research analysts at National Bank Financial decreased their FY2019 EPS estimates for Lundin Mining in a research report issued on Sunday, August 11th. National Bank Financial analyst S. Nagle now expects that the mining company will earn $0.26 per share for the year, down from their prior estimate of $0.28. National Bank Financial currently has a “Outperform” rating and a $9.00 target price on the stock. National Bank Financial also issued estimates for Lundin Mining’s FY2020 earnings at $0.55 EPS.

A number of other research analysts also recently issued reports on LUN. CSFB dropped their price target 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. Cormark boosted their price target on shares of Lundin Mining from C$10.00 to C$10.50 in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their target price on shares of Lundin Mining from C$9.00 to C$8.50 in a research report on Friday, July 26th. BMO Capital Markets dropped their target price on shares of Lundin Mining from C$8.25 to C$8.00 in a research report on Thursday, July 25th. Finally, CIBC dropped their target price on shares of Lundin Mining from C$9.50 to C$9.00 in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Lundin Mining has a consensus rating of “Buy” and a consensus price target of C$9.03.

Shares of TSE LUN opened at C$5.94 on Wednesday. The company has a market capitalization of $4.36 billion and a P/E ratio of 54.50. Lundin Mining has a 52-week low of C$4.70 and a 52-week high of C$7.96. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.95 and a current ratio of 2.49. The company’s 50 day moving average price is C$6.68 and its 200-day moving average price is C$6.61.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 6th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, September 5th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.02%. Lundin Mining’s payout ratio is presently 82.88%.

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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