Lundin Mining Given New C$8.75 Price Target at Paradigm Capital (LUN)
Investment analysts at Paradigm Capital cut their target price on shares of Lundin Mining (TSE:LUN) from C$9.00 to C$8.75 in a note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Paradigm Capital’s price objective indicates a potential upside of 69.90% from the stock’s previous close.
A number of other analysts have also recently weighed in on LUN. Analysts at Desjardins downgraded shares of Lundin Mining to a “hold” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Lundin Mining currently has an average rating of “Buy” and an average price target of C$6.00.
Shares of Lundin Mining (TSE:LUN) traded up 1.26% on Monday, hitting $5.215. The stock had a trading volume of 519,855 shares. Lundin Mining has a 52 week low of $3.68 and a 52 week high of $5.38. The stock has a 50-day moving average of $4.98 and a 200-day moving average of $4.6. The company has a market cap of $3.048 billion and a P/E ratio of 39.62.
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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