Raymond James Financial Inc. Lowers Lundin Mining Co. (LUN) Price Target to C$6.00
Lundin Mining Co. (TSE:LUN) had its target price decreased by Raymond James Financial Inc. from C$6.25 to C$6.00 in a research note issued to investors on Thursday. Raymond James Financial Inc.’s price objective would indicate a potential upside of 14.94% from the company’s current price.
Other analysts also recently issued reports about the company. CSFB raised their price target on Lundin Mining from C$6.00 to C$6.50 in a research report on Thursday, July 28th. Scotiabank restated a “focus stock” rating and issued a C$6.00 price target on shares of Lundin Mining in a research report on Thursday, July 28th. Berenberg Bank raised their price target on Lundin Mining from C$4.50 to C$5.00 and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. 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. Finally, Goldman Sachs Group Inc. raised their price target on Lundin Mining from C$3.80 to C$4.50 in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$6.05.
Lundin Mining (TSE:LUN) traded down 2.49% during trading on Thursday, reaching $5.09. 974,614 shares of the company were exchanged. Lundin Mining has a one year low of $2.98 and a one year high of $5.78. The company’s market capitalization is $3.66 billion. The firm’s 50-day moving average is $5.13 and its 200 day moving average is $4.74.
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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