Raymond James Financial Inc. Cuts Lundin Mining Co. (LUN) Price Target to C$6.00
Lundin Mining Co. (TSE:LUN) had its target price dropped by investment analysts at Raymond James Financial Inc. from C$6.25 to C$6.00 in a report issued on Thursday. Raymond James Financial Inc.’s price target would indicate a potential upside of 17.42% from the stock’s previous close.
Several other research analysts have also recently issued reports on LUN. Berenberg Bank lifted their target price on Lundin Mining from C$4.50 to C$5.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. Goldman Sachs Group Inc. boosted their price objective on Lundin Mining from C$3.80 to C$4.50 in a research report on Tuesday, July 12th. Royal Bank Of Canada reissued an “outperform” rating on shares of Lundin Mining in a research report on Friday, September 2nd. CIBC boosted their price objective on Lundin Mining from C$5.50 to C$6.00 in a research report on Thursday, July 28th. Finally, Scotiabank reissued a “focus stock” rating and issued a C$6.00 price objective on shares of Lundin Mining in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$6.05.
Lundin Mining (TSE:LUN) traded down 2.11% during mid-day trading on Thursday, hitting $5.11. The stock had a trading volume of 1,529,393 shares. Lundin Mining has a 52 week low of $2.98 and a 52 week high of $5.78. The stock’s market capitalization is $3.68 billion. The company’s 50 day moving average is $5.13 and its 200-day moving average is $4.74.
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About Lundin Mining
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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