Lundin Mining (LUN) Price Target Raised to C$11.50

Lundin Mining (TSE:LUN) had its price target hoisted by National Bank Financial from C$9.75 to C$11.50 in a research report issued on Thursday. The firm currently has a “sector perform” rating on the mining company’s stock. National Bank Financial’s target price points to a potential upside of 59.28% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Berenberg Bank increased their price objective on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. Eight Capital reissued a “buy” rating on shares of Lundin Mining in a report on Thursday, August 17th. Scotiabank reissued a “focus stock” rating and issued a C$10.50 price objective on shares of Lundin Mining in a report on Wednesday, September 6th. Canaccord Genuity downgraded Lundin Mining from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$10.50 to C$9.00 in a report on Thursday. Finally, BMO Capital Markets decreased 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 report on Thursday. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Lundin Mining currently has an average rating of “Hold” and an average target price of C$10.02.

Lundin Mining (LUN) traded down C$0.30 during mid-day trading on Thursday, hitting C$7.22. The stock had a trading volume of 12,378,712 shares, compared to its average volume of 3,004,891. Lundin Mining has a 1-year low of C$6.30 and a 1-year high of C$10.22.

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Lundin Mining Company Profile

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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