Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $4.50 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 14.21% from the stock’s previous close.

According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “

Shares of Lundin Mining (NASDAQ:LUNMF) opened at 3.9401 on Wednesday. Lundin Mining has a 12 month low of $2.03 and a 12 month high of $4.45. The stock’s market capitalization is $2.84 billion. The company’s 50 day moving average price is $3.93 and its 200 day moving average price is $3.65.

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Lundin Mining Company Profile

Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.

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