Lundin Mining (OTCMKTS:LUNMF) Price Target Cut to C$12.50

Lundin Mining (OTCMKTS:LUNMF) had its price target decreased by equities research analysts at TD Securities from C$13.00 to C$12.50 in a research report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the basic materials company’s stock.

A number of other research firms also recently weighed in on LUNMF. Credit Suisse Group cut their price target on shares of Lundin Mining from C$13.00 to C$11.25 and set a “neutral” rating on the stock in a report on Wednesday, August 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Lundin Mining in a report on Friday, October 29th. UBS Group reiterated a “neutral” rating on shares of Lundin Mining in a report on Tuesday, October 5th. National Bank Financial dropped their target price on shares of Lundin Mining from C$17.00 to C$15.50 and set a “sector perform” rating on the stock in a report on Friday, July 30th. Finally, Scotiabank dropped their target price on shares of Lundin Mining from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a report on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Lundin Mining stock opened at $8.25 on Wednesday. The company has a market capitalization of $6.06 billion, a P/E ratio of 9.07 and a beta of 1.87. The firm’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $8.87. Lundin Mining has a 1-year low of $6.66 and a 1-year high of $13.11.

Lundin Mining Company Profile

Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal, and Sweden. It holds interest in the following projects: Chapada, Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.

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