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MARKETS LIVE BLOG:

STOCKS OPEN MIXED AFTER ISRAEL STRIKE-FUELLED TUMBLE

Shares of Netflix, the first of the megacap techs to report, slide in early trading

Looking for a Growth Stock? Why It is Time to Focus on Lundin Mining (LUNMF)

Zacks Equity Research
Updated

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, these can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is Lundin Mining Corporation LUNMF. This firm, which is in the Mining - Non Ferrous industry, saw EPS growth of 300% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 725%. Furthermore, the long-term growth rate is currently an impressive 34.1%, suggesting pretty good prospects for the long haul.

Lundin Mining Corp. Price and Consensus

 

Lundin Mining Corp. Price and Consensus | Lundin Mining Corp. Quote

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And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 26.9%. Thanks to this rise in earnings estimates, LUNMF has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider LUNMF. Not only does it have double digit earnings growth prospect, but its impressive Zacks Rank suggests that analysts believe better days are ahead for LUNMF as well.

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1 billion iPhones in 10 years but a new breakthrough is expected to generate more
than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Lundin Mining Corp. (LUNMF): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research