Lundin Mining Co. (LUNMF) Upgraded at Zacks Investment Research
Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm presently has a $4.50 price target on the stock. Zacks Investment Research’s target price points to a potential upside of 14.21% from the company’s previous close.
According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “
Shares of Lundin Mining (NASDAQ:LUNMF) opened at 3.9401 on Wednesday. The company has a 50-day moving average of $3.93 and a 200 day moving average of $3.65. The stock’s market capitalization is $2.84 billion. Lundin Mining has a 12-month low of $2.03 and a 12-month high of $4.45.
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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