Lundin Mining Co. (LUN) Receives “Focus Stock” Rating from Scotiabank
Scotiabank restated their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research report report published on Monday morning. The brokerage currently has a C$6.75 price target on the mining company’s stock.
LUN has been the subject of several other reports. Canaccord Genuity lifted their target price on 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. 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. Goldman Sachs Group Inc. upgraded Lundin Mining from a neutral rating to a buy rating and raised their price target for the stock from C$4.50 to C$8.00 in a research report on Wednesday, November 16th. Royal Bank Of Canada restated an outperform rating and issued a C$7.00 price target on shares of Lundin Mining in a research report on Monday, October 24th. Finally, Berenberg Bank raised their price target on 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 research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$6.34.
Lundin Mining (TSE:LUN) opened at 6.95 on Monday. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $7.07. The firm’s market capitalization is $5.01 billion. The firm has a 50-day moving average price of $5.76 and a 200 day moving average price of $5.12.
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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