Lundin Mining Co. (LUN) PT Lowered to C$8.65
Lundin Mining Co. (TSE:LUN) had its target price lowered by analysts at Berenberg Bank from C$9.00 to C$8.65 in a research report issued to clients and investors on Wednesday. Berenberg Bank’s price target would suggest a potential upside of 11.90% from the stock’s current price.
A number of other research firms have also issued reports on LUN. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lundin Mining in a report on Tuesday, April 11th. Scotiabank lifted their price target on Lundin Mining from C$9.00 to C$9.50 and gave the stock a “focus stock” rating in a report on Thursday, April 27th. TD Securities reaffirmed a “buy” rating and set a C$9.50 price target on shares of Lundin Mining in a report on Thursday, April 27th. CSFB assumed coverage on Lundin Mining in a report on Thursday, April 13th. They set an “outperform” rating and a C$9.50 price target for the company. Finally, BMO Capital Markets assumed coverage on Lundin Mining in a report on Friday, June 2nd. They set an “outperform” rating and a C$10.50 price target for the company. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Lundin Mining presently has an average rating of “Buy” and an average target price of C$8.70.
Shares of Lundin Mining (TSE:LUN) traded up 1.03% during midday trading on Wednesday, hitting $7.81. The company’s stock had a trading volume of 3,168,896 shares. The firm’s market cap is $5.68 billion. Lundin Mining has a 12-month low of $4.70 and a 12-month high of $8.94. The firm has a 50-day moving average of $7.37 and a 200 day moving average of $7.50.
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About Lundin Mining
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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