Lundin Mining Coverage Initiated by Analysts at BMO Capital Markets (LUN)
Equities research analysts at BMO Capital Markets initiated coverage on shares of Lundin Mining (TSE:LUN) in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm set an “outperform” rating on the stock.
A number of other firms have also recently commented on LUN. Analysts at LB Securities initiated coverage on shares of Lundin Mining (TSE:LUN) in a research note to investors on Wednesday, August 28th. They set a “buy” rating and a C$5.50 price target on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Lundin Mining (TSE:LUN) from C$4.65 to C$4.75 in a research note to investors on Thursday, August 1st. Finally, analysts at RBC Capital raised their price target on shares of Lundin Mining (TSE:LUN) from C$5.50 to C$5.75 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock.
Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$5.78.
Lundin Mining (TSE:LUN) traded up 1.65% during mid-day trading on Wednesday, hitting $4.92. 1,429,648 shares of the company’s stock traded hands. Lundin Mining has a 52 week low of $3.68 and a 52 week high of $5.54. The stock has a 50-day moving average of $4.4 and a 200-day moving average of $4.29. The company has a market cap of $2.874 billion and a P/E ratio of 34.57.
Lundin Mining Corporation (TSE:LUN) is a diversified Canadian-base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.
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