Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $8.75 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 14.47% from the company’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. “

Lundin Mining (NASDAQ LUNMF) traded down 1.810% during mid-day trading on Thursday, reaching $7.644. Lundin Mining has a one year low of $3.72 and a one year high of $7.90. The company has a market cap of $5.56 billion and a PE ratio of 17.654. The firm has a 50 day moving average price of $7.20 and a 200 day moving average price of $6.03.

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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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