Lundin Mining Co. (TSE:LUN) was upgraded by Goldman Sachs Group Inc. from a “neutral” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a C$8.00 target price on the mining company’s stock, up from their previous target price of C$4.50. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 25.39% from the stock’s previous close.

Other research analysts have also issued reports about the stock. National Bank Financial raised their price target on shares of Lundin Mining from C$5.25 to C$6.75 in a research report on Tuesday, July 19th. CSFB raised their price target on shares of Lundin Mining from C$6.00 to C$6.50 in a research report on Thursday, July 28th. CIBC raised their price target on shares of Lundin Mining from C$5.50 to C$6.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. dropped their price target on shares of Lundin Mining from C$6.25 to C$6.00 in a research report on Thursday, October 13th. Finally, Canaccord Genuity raised their price target on shares of Lundin Mining from C$6.00 to C$7.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$6.34.

Analyst Recommendations for Lundin Mining (TSE:LUN)

Shares of Lundin Mining (TSE:LUN) traded down 2.19% during midday trading on Wednesday, reaching $6.24. 1,718,849 shares of the company’s stock traded hands. The stock has a 50 day moving average of $5.37 and a 200-day moving average of $4.96. The stock’s market cap is $4.49 billion. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $6.57.

Lundin Mining Company Profile

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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