Lundin Mining Receives “Outperform” Rating from RBC Capital (LUN)
Lundin Mining (TSE:LUN)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Thursday, Analyst Ratings News reports. They currently have a C$5.75 target price on the stock. RBC Capital’s target price points to a potential upside of 19.54% from the company’s current price.
A number of other firms have also recently commented on LUN. Analysts at CIBC reiterated a “sector perform” rating on shares of Lundin Mining in a research note to investors on Wednesday. They now have a C$4.50 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of Lundin Mining from C$6.00 to C$5.75 in a research note to investors on Wednesday, October 16th. Finally, analysts at Canaccord Genuity raised their price target on shares of Lundin Mining from C$5.00 to C$5.40 in a research note to investors on Friday, October 11th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$5.81.
Lundin Mining (TSE:LUN) traded down 0.41% during mid-day trading on Thursday, hitting $4.81. 991,135 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’s 50-day moving average is $4.48 and its 200-day moving average is $4.30. The company has a market cap of $2.810 billion and a P/E ratio of 34.50.
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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