Lundin Mining Co. (LUN) Receives Consensus Rating of “Hold” from Brokerages
Lundin Mining Co. (TSE:LUN) has been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$9.86.
Several analysts recently issued reports on LUN shares. Scotiabank increased their price target on Lundin Mining from C$9.00 to C$11.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. BMO Capital Markets reiterated an “outperform” rating and issued a C$10.50 price target on shares of Lundin Mining in a report on Monday, October 23rd. Berenberg Bank increased their price target on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. CIBC reiterated an “outperform” rating and issued a C$12.00 price target on shares of Lundin Mining in a report on Friday, September 15th. Finally, Morgan Stanley lowered their price target on Lundin Mining from C$7.20 to C$6.10 in a report on Tuesday.
Lundin Mining (TSE:LUN) traded down C$0.12 during mid-day trading on Thursday, hitting C$6.81. The stock had a trading volume of 5,020,560 shares, compared to its average volume of 3,048,365. Lundin Mining has a 1-year low of C$6.30 and a 1-year high of C$10.22.
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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