TD Securities Raises Lundin Mining Co. (LUN) Price Target to C$6.50
Lundin Mining Co. (TSE:LUN) had its price objective raised by equities researchers at TD Securities from C$6.00 to C$6.50 in a research report issued on Wednesday. The firm presently has a “hold” rating on the mining company’s stock. TD Securities’ target price indicates a potential upside of 1.88% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the stock. Scotiabank reissued a “focus stock” rating and set a C$6.25 price target on shares of Lundin Mining in a research report on Tuesday, September 13th. Royal Bank Of Canada reissued an “outperform” rating and set a C$6.00 price target on shares of Lundin Mining in a research report on Friday, July 22nd. Canaccord Genuity lifted their price target on shares of Lundin Mining from C$7.00 to C$7.50 and gave the stock a “buy” rating in a research report on Friday, August 12th. Raymond James Financial Inc. reduced 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, Berenberg Bank lifted their price target on shares of Lundin Mining from C$5.00 to C$5.10 and gave the stock a “hold” rating in a research report on Friday, October 28th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$6.34.
Lundin Mining (TSE:LUN) traded down 2.19% during trading on Wednesday, reaching $6.24. 1,718,849 shares of the company’s stock traded hands. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $6.57. The firm has a 50 day moving average price of $5.37 and a 200-day moving average price of $4.96. The firm’s market cap is $4.49 billion.
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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