Morgan Stanley Lowers Lundin Mining (LUN) Price Target to C$6.10
Lundin Mining (TSE:LUN) had its price objective lowered by analysts at Morgan Stanley from C$7.20 to C$6.10 in a note issued to investors on Tuesday. Morgan Stanley’s price objective points to a potential downside of 10.43% from the stock’s current price.
LUN has been the topic of a number of other reports. National Bank Financial upped their price target on Lundin Mining from C$9.75 to C$11.50 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. BMO Capital Markets lowered their price objective on Lundin Mining from C$11.25 to C$10.00 and set a “market perform” rating for the company in a research note on Thursday, November 30th. Scotiabank reissued a “focus stock” rating and issued a C$10.50 price objective on shares of Lundin Mining in a research note on Thursday, October 26th. Royal Bank Of Canada downgraded Lundin Mining from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$10.00 to C$8.50 in a research note on Friday, December 1st. Finally, Eight Capital reissued a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Lundin Mining has an average rating of “Hold” and an average price target of C$9.86.
Lundin Mining (LUN) opened at C$6.81 on Tuesday. Lundin Mining has a 52 week low of C$6.30 and a 52 week high of C$10.22.
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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