Lundin Mining PT Raised to C$5.70 at Canaccord Genuity (LUN)
Research analysts at Canaccord Genuity increased their price target on shares of Lundin Mining (TSE:LUN) from C$5.50 to C$5.70 in a report released on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target points to a potential upside of 21.28% from the company’s current price.
Shares of Lundin Mining (TSE:LUN) traded down 1.49% during mid-day trading on Friday, hitting $4.63. 1,088,044 shares of the company’s stock traded hands. Lundin Mining has a 52 week low of $3.68 and a 52 week high of $5.49. The stock has a 50-day moving average of $4.62 and a 200-day moving average of $4.31. The company has a market cap of $2.705 billion and a price-to-earnings ratio of 33.57.
A number of other firms have also recently commented on LUN. Analysts at LB Securities raised their price target on shares of Lundin Mining from C$5.50 to C$5.60 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Laurentian raised their price target on shares of Lundin Mining from C$5.50 to C$5.60 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Lundin Mining in a research note to investors on Thursday, October 24th. They now have a C$5.75 price target on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Lundin Mining presently has an average rating of “Buy” and an average price target of C$5.83.
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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