Lundin Mining (TSE:LUN) had its price objective cut by investment analysts at Eight Capital from C$12.00 to C$11.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Eight Capital’s price target would indicate a potential upside of 46.28% from the company’s current price.
Several other research analysts have also issued reports on the company. CIBC dropped their price objective on Lundin Mining from C$12.00 to C$10.00 in a research note on Friday. TD Securities lowered Lundin Mining from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$11.50 to C$9.50 in a research note on Thursday. Scotiabank increased their price objective on Lundin Mining from C$9.00 to C$11.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James Financial increased their price objective on Lundin Mining from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a research note on Thursday. Finally, National Bank Financial increased their price objective on Lundin Mining from C$9.75 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Lundin Mining currently has a consensus rating of “Hold” and a consensus price target of C$10.02.
Lundin Mining (TSE LUN) traded down C$1.44 during trading on Friday, reaching C$7.52. The company’s stock had a trading volume of 74,935,581 shares, compared to its average volume of 2,964,312. Lundin Mining has a 1 year low of C$6.30 and a 1 year high of C$10.22.
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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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