Lundin Mining (LUN) Price Target Raised to C$9.00

Lundin Mining (TSE:LUN) had its target price raised by Berenberg Bank from C$7.50 to C$9.00 in a research report issued on Thursday. Berenberg Bank’s price target would indicate a potential upside of 15.68% from the stock’s current price.

A number of other equities analysts also recently commented on LUN. Handelsbanken downgraded shares of Lundin Mining from an “accumulate” rating to a “reduce” rating in a report on Monday, January 22nd. CIBC downgraded shares of Lundin Mining from an “outperform” rating to a “neutral” rating in a report on Monday, January 22nd. Eight Capital decreased their price objective on shares of Lundin Mining from C$12.00 to C$11.00 in a report on Friday, December 1st. BMO Capital Markets decreased their price objective on shares of Lundin Mining from C$11.25 to C$10.00 and set a “market perform” rating for the company in a report on Thursday, November 30th. Finally, Raymond James Financial lifted their price objective on shares of Lundin Mining from C$9.00 to C$10.00 and gave the stock a “market perform” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$9.43.

Lundin Mining (TSE LUN) traded down C$0.36 during trading on Thursday, reaching C$7.78. 1,789,369 shares of the company’s stock were exchanged, compared to its average volume of 2,421,960. The firm has a market capitalization of $6,250.00, a P/E ratio of 11.46 and a beta of 1.39. Lundin Mining has a 1 year low of C$6.62 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.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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