Lundin Mining (OTCMKTS:LUNMF) Price Target Cut to C$12.50

Lundin Mining (OTCMKTS:LUNMF) had its price objective decreased by stock analysts at TD Securities from C$13.00 to C$12.50 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the basic materials company’s stock.

LUNMF has been the subject of a number of other research reports. CIBC reiterated a “hold” rating and issued a $14.00 price target on shares of Lundin Mining in a research note on Friday, September 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Lundin Mining in a research note on Monday, September 13th. Credit Suisse Group cut their price target on shares of Lundin Mining from C$13.00 to C$11.25 and set a “neutral” rating for the company in a research note on Wednesday, August 25th. BMO Capital Markets dropped their price objective on shares of Lundin Mining from C$16.50 to C$15.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity lowered shares of Lundin Mining from a “buy” rating to a “hold” rating in a research report on Tuesday. Fifteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.00.

Shares of LUNMF stock opened at $8.25 on Wednesday. The stock has a market cap of $6.06 billion, a P/E ratio of 9.07 and a beta of 1.87. The company has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $8.87. Lundin Mining has a one year low of $6.66 and a one year high of $13.11.

Lundin Mining Company Profile

Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal, and Sweden. It holds interest in the following projects: Chapada, Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.

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