Lundin Mining Co. (LUN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Lundin Mining Co. (TSE:LUN) have received a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$8.70.
A number of research analysts have recently issued reports on LUN shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Lundin Mining in a research note on Tuesday, April 11th. TD Securities reissued a “buy” rating and issued a C$9.50 price objective on shares of Lundin Mining in a research note on Thursday, April 27th. Finally, Scotiabank boosted 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.
Lundin Mining (TSE LUN) traded down 1.31% during trading on Tuesday, reaching $7.53. The company’s stock had a trading volume of 1,337,212 shares. The stock’s market cap is $5.47 billion. Lundin Mining has a 52-week low of $4.08 and a 52-week high of $8.94. The firm has a 50 day moving average price of $7.34 and a 200-day moving average price of $7.48.
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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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