Lundin Mining (TSE:LUN) was downgraded by equities researchers at CIBC from an “outperform” rating to a “neutral” rating in a research note issued on Monday.
Several other equities research analysts also recently issued reports on LUN. National Bank Financial downgraded 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 report on Wednesday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.50 price target on shares of Lundin Mining in a report on Monday, October 23rd. Berenberg Bank raised their price target on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. Scotiabank reaffirmed a “focus stock” rating and set a C$10.50 price target on shares of Lundin Mining in a report on Thursday, October 26th. Finally, Canaccord Genuity downgraded Lundin Mining from a “buy” rating to a “hold” rating and cut their price target for the company from C$10.50 to C$9.00 in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. Lundin Mining currently has a consensus rating of “Hold” and a consensus price target of C$9.30.
Shares of Lundin Mining (TSE:LUN) traded down C$0.01 during trading on Monday, reaching C$8.81. The company’s stock had a trading volume of 1,535,290 shares, compared to its average volume of 2,493,145. Lundin Mining has a fifty-two week low of C$6.62 and a fifty-two week high of C$10.22. The firm has a market cap of $6,410.00, a P/E ratio of 13.15 and a beta of 1.34.
Lundin Mining Company Profile
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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