Lundin Mining (LUN) Price Target Cut to C$6.00 by Analysts at CIBC
Lundin Mining (TSE:LUN) had its price target dropped by stock analysts at CIBC from C$7.00 to C$6.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. CIBC’s target price suggests a potential downside of 20.21% from the company’s current price.
Several other equities analysts have also recently weighed in on LUN. Eight Capital reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Scotiabank reaffirmed a “focus stock” rating and issued a C$10.50 price target on shares of Lundin Mining in a research report on Wednesday, September 6th. Berenberg Bank dropped their price target on shares of Lundin Mining from C$10.00 to C$9.25 in a research report on Friday, September 8th. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$10.50 to C$11.50 in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a C$10.50 price target on shares of Lundin Mining in a research report on Monday, October 23rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Lundin Mining presently has an average rating of “Hold” and a consensus target price of C$9.30.
Shares of Lundin Mining (TSE:LUN) traded up C$0.26 during midday trading on Thursday, reaching C$7.52. 4,334,173 shares of the company traded hands, compared to its average volume of 3,058,982. Lundin Mining has a twelve month low of C$6.30 and a twelve month 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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