Royal Bank of Canada Increases Lundin Mining Co. (LUN) Price Target to C$9.00
Lundin Mining Co. (TSE:LUN) had its price target lifted by equities research analysts at Royal Bank of Canada from C$8.00 to C$9.00 in a research note issued on Friday, StockTargetPrices.com reports. Royal Bank of Canada’s price objective suggests a potential upside of 16.43% from the company’s previous close.
Several other research firms have also issued reports on LUN. Scotiabank lifted their price objective on Lundin Mining from C$9.00 to C$9.50 and gave the company a “focus stock” rating in a research note on Thursday, April 27th. TD Securities lifted their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the company a “buy” rating in a research note on Thursday. Finally, CSFB assumed coverage on Lundin Mining in a research note on Thursday, April 13th. They set an “outperform” rating and a C$9.50 price target for the company. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$8.55.
Shares of Lundin Mining (TSE:LUN) traded up 4.88% during mid-day trading on Friday, hitting $7.73. The company had a trading volume of 2,746,158 shares. Lundin Mining has a one year low of $4.08 and a one year high of $8.94. The company’s 50-day moving average is $7.28 and its 200 day moving average is $7.29. The company’s market capitalization is $5.62 billion.
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Lundin Mining Company Profile
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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