Lundin Mining (LUN) PT Raised to C$11.00 at Scotiabank

Lundin Mining (TSE:LUN) had its price objective upped by equities researchers at Scotiabank from C$9.00 to C$11.00 in a report released on Thursday. The brokerage currently has an “outperform” rating on the mining company’s stock. Scotiabank’s target price suggests a potential upside of 55.81% from the company’s current price.

A number of other research firms have also weighed in on LUN. BMO Capital Markets reissued an “outperform” rating and set a C$10.50 target price on shares of Lundin Mining in a report on Monday, October 23rd. Berenberg Bank boosted their target price on Lundin Mining from C$10.00 to C$10.25 in a report on Thursday, October 26th. National Bank Financial lowered Lundin Mining from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$10.50 to C$11.50 in a report on Wednesday, October 18th. Eight Capital reissued a “buy” rating on shares of Lundin Mining in a report on Thursday, August 17th. Finally, Raymond James Financial upped their price objective on Lundin Mining from C$9.00 to C$10.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$10.20.

Lundin Mining (TSE:LUN) traded down C$0.16 during mid-day trading on Thursday, hitting 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 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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