Lundin Mining Co. (LUN) Given New C$6.75 Price Target at Scotiabank
Lundin Mining Co. (TSE:LUN) had its price objective hoisted by Scotiabank from C$6.00 to C$6.75 in a research note released on Wednesday morning. Scotiabank currently has a focus stock rating on the mining company’s stock.
LUN has been the subject of several other research reports. Goldman Sachs Group Inc. upgraded shares of Lundin Mining from a neutral rating to a buy rating and upped their target price for the company from C$4.50 to C$8.00 in a report on Wednesday. Royal Bank Of Canada increased their price target on shares of Lundin Mining from C$7.00 to C$8.00 and gave the company an outperform rating in a report on Wednesday. TD Securities increased their price objective on shares of Lundin Mining from C$6.00 to C$6.50 and gave the company a hold rating in a research note on Wednesday. Canaccord Genuity increased their price objective on shares of Lundin Mining from C$7.00 to C$7.50 and gave the company a buy rating in a research note on Friday, August 12th. Finally, Berenberg Bank raised their price target on shares of Lundin Mining from C$4.50 to C$5.00 and gave the stock a hold rating in a research note on Tuesday, August 2nd. Seven equities research 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. Lundin Mining presently has a consensus rating of Buy and a consensus price target of C$6.34.
Lundin Mining (TSE:LUN) traded up 0.47% on Wednesday, hitting $6.38. 892,793 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $5.40 and its 200-day moving average price is $4.97. The company’s market cap is $4.59 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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