Lundin Mining Co. (TSE:LUN) had its target price lowered by equities research analysts at Raymond James Financial Inc. from C$6.25 to C$6.00 in a research report issued to clients and investors on Thursday. Raymond James Financial Inc.’s price target would indicate a potential upside of 20.24% from the stock’s current price.
Several other research firms have also weighed in on LUN. Canaccord Genuity upped their target price on shares of Lundin Mining from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Friday, August 12th. Goldman Sachs Group Inc. upped their target price on shares of Lundin Mining from C$4.50 to C$4.70 in a report on Wednesday, August 3rd. TD Securities reaffirmed a “buy” rating and issued a C$6.50 target price on shares of Lundin Mining in a report on Thursday, August 4th. Berenberg Bank upped their target price on shares of Lundin Mining from C$4.50 to C$5.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$6.00 target price on shares of Lundin Mining in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued 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 a consensus price target of C$6.05.
Lundin Mining (TSE:LUN) opened at 4.99 on Thursday. The stock has a 50 day moving average of $5.13 and a 200 day moving average of $4.75. The stock’s market capitalization is $3.59 billion. Lundin Mining has a 52-week low of $2.98 and a 52-week high of $5.78.
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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