Lundin Mining Rating Reiterated by RBC Capital (LUN)
Lundin Mining (TSE:LUN)‘s stock had its “outperform” rating reaffirmed by equities research analysts at RBC Capital in a research note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a C$5.75 target price on the stock. RBC Capital’s target price suggests a potential upside of 20.29% from the stock’s previous close.
Shares of Lundin Mining (TSE:LUN) traded up 2.80% on Wednesday, hitting $4.78. The stock had a trading volume of 2,569,273 shares. Lundin Mining has a 52 week low of $3.68 and a 52 week high of $5.54. The stock’s 50-day moving average is $4.51 and its 200-day moving average is $4.2. The company has a market cap of $2.793 billion and a P/E ratio of 33.21.
A number of other firms have also recently commented on LUN. Analysts at Raymond James raised their price target on shares of Lundin Mining (TSE:LUN) from C$4.75 to C$5.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Lundin Mining (TSE:LUN) from C$5.75 to C$6.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Lundin Mining (TSE:LUN) in a research note to investors on Wednesday, September 11th. They set an “outperform” rating on the stock.
Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$5.81.
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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