Shares of Lundin Mining Co. (TSE:LUN) have been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$9.60.
LUN has been the topic of a number of research reports. BMO Capital Markets lowered their price target on Lundin Mining from C$11.25 to C$10.00 and set a “market perform” rating on the stock in a research report on Thursday, November 30th. Canaccord Genuity downgraded Lundin Mining from a “buy” rating to a “hold” rating and lowered their price target for the company from C$10.50 to C$9.00 in a research report on Thursday, November 30th. National Bank Financial raised their price target on Lundin Mining from C$9.75 to C$11.50 and gave the company a “sector perform” rating in a research report on Thursday, November 30th. Raymond James Financial raised their price target on Lundin Mining from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research report on Thursday, November 30th. Finally, Scotiabank raised their price target on Lundin Mining from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research report on Thursday, November 30th.
Lundin Mining (TSE:LUN) traded down C$0.05 during trading on Tuesday, hitting C$8.54. The stock had a trading volume of 2,497,100 shares, compared to its average volume of 3,030,000. The company has a market capitalization of $6,220.00, a price-to-earnings ratio of 13.14 and a beta of 1.39. Lundin Mining has a 52-week low of C$6.62 and a 52-week high of C$10.22.
In related news, insider Neil Patrick Matthew O’brien sold 55,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$8.42, for a total transaction of C$463,100.00.
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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