Lundin Mining Given Average Rating of “Buy” by Analysts (NASDAQ:LUNMF)
Lundin Mining (NASDAQ:LUNMF) has earned an average recommendation of “Buy” from the seven brokerages that are covering the stock, AnalystRatingsNetwork reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.79.
A number of research firms have recently commented on LUNMF. Analysts at Canaccord Genuity raised their price target on shares of Lundin Mining from C$7.25 to C$7.50 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Lundin Mining from C$8.75 to C$10.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Lundin Mining from C$7.25 to C$7.75 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock.
Lundin Mining (NASDAQ:LUNMF) opened at 5.64 on Monday. Lundin Mining has a 1-year low of $3.80 and a 1-year high of $6.11. The stock’s 50-day moving average is $5.68 and its 200-day moving average is $5.0. The company has a market cap of $3.304 billion and a price-to-earnings ratio of 28.16.
Lundin Mining Corporation (NASDAQ:LUNMF) is a diversified base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.