Lundin Mining’s (LUN) “Focus Stock” Rating Reaffirmed at Scotiabank
Scotiabank restated their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research note issued to investors on Thursday. They currently have a C$6.25 price target on the mining company’s stock.
A number of other analysts also recently issued reports on the company. National Bank Financial lowered their price target on Lundin Mining from C$7.35 to C$7.20 in a research report on Wednesday, July 13th. Royal Bank Of Canada restated an outperform rating and issued a C$6.00 price target on shares of Lundin Mining in a research report on Friday, July 22nd. Canaccord Genuity raised their price target on Lundin Mining from C$6.00 to C$7.00 and gave the stock a buy rating in a research report on Monday, July 25th. Goldman Sachs Group Inc. increased their target price on Lundin Mining from C$2.80 to C$3.80 in a research note on Monday, June 27th. Finally, TD Securities increased their target price on Lundin Mining from C$5.50 to C$6.00 and gave the stock a buy rating in a research note on Thursday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Lundin Mining presently has a consensus rating of Buy and a consensus target price of C$5.93.
Shares of Lundin Mining (TSE:LUN) traded up 0.19% on Thursday, hitting $5.19. 211,605 shares of the company traded hands. The firm’s 50 day moving average price is $5.23 and its 200-day moving average price is $4.68. Lundin Mining has a 1-year low of $2.98 and a 1-year high of $5.78. The stock’s market capitalization is $3.74 billion.
About Lundin Mining
Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.
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