Lundin Mining Co. (LUN) Receives Average Rating of “Buy” from Brokerages
Shares of Lundin Mining Co. (TSE:LUN) have earned an average recommendation of “Buy” from the nineteen brokerages that are currently covering the firm. Five analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$6.34.
A number of analysts have weighed in on the company. Canaccord Genuity upped their target price on Lundin Mining from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Friday, August 12th. CIBC upped their price target on Lundin Mining from C$5.50 to C$6.00 in a research report on Thursday, July 28th. Scotiabank upped their price target on Lundin Mining from C$6.00 to C$6.75 and gave the stock a “focus stock” rating in a research report on Wednesday, November 16th. TD Securities reduced their price target on Lundin Mining from C$6.50 to C$6.00 and set a “hold” rating on the stock in a research report on Friday, October 21st. Finally, Goldman Sachs Group Inc. raised Lundin Mining from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$4.50 to C$8.00 in a research report on Wednesday, November 16th.
Lundin Mining (TSE:LUN) opened at 6.79 on Friday. Lundin Mining has a 52-week low of $2.98 and a 52-week high of $6.82. The stock’s market capitalization is $4.89 billion. The company’s 50-day moving average price is $5.54 and its 200 day moving average price is $5.03.
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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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