Raymond James analyst Farooq Hamed maintained a Hold rating on Lundin Mining (OTC:LUNMF) on Wednesday, setting a price target of C$9, which is approximately 47.59% above the present share price of $6.1.
Hamed expects Lundin Mining to post earnings per share (EPS) of -$0.15 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Lundin Mining, with an average price target of $5.68.
The analysts price targets range from a high of $6.63 to a low of $4.79.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $377.99 million and a net profit of -$47.83 million. The company's market cap is $4.46 billion.
According to TipRanks.com, Raymond James analyst Farooq Hamed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -12.5% and a 34.85% success rate.
Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal and Sweden. It holds interest in the projects: Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.