Lundin Mining (TSE:LUN) was downgraded by Handelsbanken from an “accumulate” rating to a “reduce” rating in a research note issued to investors on Monday.
Other analysts have also recently issued reports about the company. CIBC cut Lundin Mining from an “outperform” rating to a “neutral” rating in a research note on Monday. TD Securities cut shares of Lundin Mining from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$11.50 to C$9.50 in a research note on Thursday, November 30th. BMO Capital Markets raised their price target on shares of Lundin Mining from C$9.50 to C$10.00 in a research note on Monday, December 18th. National Bank Financial raised their price target on shares of Lundin Mining from C$9.75 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Finally, Royal Bank of Canada cut shares of Lundin Mining from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$10.00 to C$8.50 in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$9.30.
Lundin Mining (TSE:LUN) traded down C$0.01 during midday trading on Monday, reaching C$8.81. The company had a trading volume of 1,535,290 shares, compared to its average volume of 2,493,145. Lundin Mining has a twelve month low of C$6.62 and a twelve month high of C$10.22. The company has a market cap of $6,410.00, a PE ratio of 13.15 and a beta of 1.34.
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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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