Lundin Mining Co. (LUN) Receives C$9.98 Consensus PT from Analysts
Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$9.98.
A number of brokerages have recently weighed in on LUN. BMO Capital Markets reiterated an “outperform” rating and set a C$10.50 target price on shares of Lundin Mining in a research note on Monday, October 23rd. Berenberg Bank increased their target price on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. Scotiabank reiterated a “focus stock” rating and set a C$10.50 target price on shares of Lundin Mining in a research note on Thursday, October 26th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. Finally, Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th.
Shares of Lundin Mining (TSE LUN) traded down C$0.58 during midday trading on Friday, hitting C$9.37. The stock had a trading volume of 4,309,862 shares, compared to its average volume of 2,654,379. Lundin Mining has a one year low of C$6.08 and a one year high of C$10.22.
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About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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