Royal Bank Of Canada Increases Lundin Mining Co. (LUN) Price Target to C$8.00
Lundin Mining Co. (TSE:LUN) had its price target increased by equities researchers at Royal Bank Of Canada from C$7.00 to C$8.00 in a research report issued to clients and investors on Wednesday. The brokerage presently has an “outperform” rating on the mining company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 25.79% from the company’s previous close.
Several other research firms also recently weighed in on LUN. Canaccord Genuity upped their price objective on shares of Lundin Mining from C$6.00 to C$7.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Scotiabank reaffirmed a “focus stock” rating and issued a C$5.50 price objective on shares of Lundin Mining in a report on Wednesday, July 20th. Raymond James Financial Inc. reduced their price objective on shares of Lundin Mining from C$6.25 to C$6.00 in a report on Thursday, October 13th. Berenberg Bank boosted 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 report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. boosted their price target on shares of Lundin Mining from C$4.50 to C$4.70 in a research report on Wednesday, August 3rd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$6.34.
Shares of Lundin Mining (TSE:LUN) opened at 6.36 on Wednesday. The company has a 50 day moving average of $5.44 and a 200 day moving average of $4.98. Lundin Mining has a 52-week low of $2.98 and a 52-week high of $6.57. The firm’s market capitalization is $4.58 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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