Lundin Mining (LUN) Price Target Raised to C$10.00
Lundin Mining (TSE:LUN) had its price objective raised by analysts at Raymond James Financial from C$9.00 to C$10.00 in a research note issued on Thursday. The brokerage presently has a “market perform” rating on the mining company’s stock. Raymond James Financial’s target price points to a potential upside of 32.98% from the stock’s previous close.
Several other research firms also recently commented on LUN. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.50 target price on shares of Lundin Mining in a research report on Monday, October 23rd. Scotiabank reiterated a “focus stock” rating and issued a C$10.50 target price on shares of Lundin Mining in a research report on Thursday, October 26th. Berenberg Bank increased their target price on Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. National Bank Financial downgraded Lundin Mining from an “outperform” rating to a “sector perform” rating and increased their target price for the company from C$10.50 to C$11.50 in a research report on Wednesday, October 18th. Finally, Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$10.18.
Lundin Mining (TSE:LUN) opened at C$7.52 on Thursday. Lundin Mining has a 1 year low of C$6.30 and a 1 year high of C$10.22.
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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