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

Lundin Mining (TSE:LUN) had its target price raised by CSFB from C$8.75 to C$11.50 in a note issued to investors on Monday. The firm currently has a “neutral” rating on the mining company’s stock. CSFB’s price target would suggest a potential upside of 62.89% from the stock’s previous close.

LUN has been the subject of several other reports. National Bank Financial raised their target price on Lundin Mining from C$9.75 to C$11.50 and gave the stock a “sector perform” rating in a research report on Thursday, November 30th. BMO Capital Markets reduced their target price on Lundin Mining from C$11.25 to C$10.00 and set a “market perform” rating for the company in a research report on Thursday, November 30th. Scotiabank reaffirmed a “focus stock” rating and issued a C$10.50 target price on shares of Lundin Mining in a research report on Thursday, October 26th. Royal Bank Of Canada cut Lundin Mining from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$10.00 to C$8.50 in a research report on Friday. Finally, Eight Capital reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Thursday, August 17th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Lundin Mining currently has an average rating of “Hold” and a consensus target price of C$10.20.

Shares of Lundin Mining (LUN) traded down C$0.16 during mid-day trading on Monday, reaching C$7.06. The company had a trading volume of 7,195,371 shares, compared to its average volume of 3,022,876. Lundin Mining has a 52-week low of C$6.30 and a 52-week 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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