Scotiabank restated their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a report released on Thursday morning. The brokerage currently has a C$6.25 price objective on the mining company’s stock.
Several other equities research analysts have also recently weighed in on LUN. Goldman Sachs Group Inc. increased their price objective on Lundin Mining from C$2.80 to C$3.80 in a research report on Monday, June 27th. Royal Bank Of Canada reissued an outperform rating on shares of Lundin Mining in a research report on Thursday, June 30th. TD Securities increased their price objective on Lundin Mining from C$5.50 to C$6.00 and gave the company a buy rating in a research report on Thursday, June 30th. Berenberg Bank increased their price objective on Lundin Mining from C$4.20 to C$4.50 in a research report on Friday, July 8th. Finally, National Bank Financial cut their target price on Lundin Mining from C$7.35 to C$7.20 in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$5.93.
Shares of Lundin Mining (TSE:LUN) opened at 5.18 on Thursday. The firm’s market cap is $3.73 billion. Lundin Mining has a 12-month low of $2.98 and a 12-month high of $5.78. The company has a 50-day moving average of $5.21 and a 200 day moving average of $4.70.
About Lundin Mining
Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.
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