Lundin Mining Rating Reiterated by RBC Capital (LUN)
Lundin Mining (TSE:LUN)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research report issued on Monday, Analyst Ratings Network reports. They currently have a C$5.75 price target on the stock. RBC Capital’s price objective suggests a potential upside of 26.93% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Lundin Mining (TSE:LUN) from C$5.00 to C$5.25 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at CIBC cut their price target on shares of Lundin Mining (TSE:LUN) from C$6.00 to C$4.50 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$5.73.
Shares of Lundin Mining (TSE:LUN) traded down 1.09% on Monday, hitting $4.53. The stock had a trading volume of 1,998,756 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 $4.48 and its 200-day moving average is $4.30. The company has a market cap of $2.647 billion and a P/E ratio of 32.71.
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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