Scotiabank reissued their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research note issued to investors on Thursday morning. Scotiabank currently has a C$10.50 price target on the mining company’s stock.
Other analysts also recently issued reports about the company. Berenberg Bank cut their target price on Lundin Mining from C$10.00 to C$9.25 in a research note on Friday, September 8th. Eight Capital reiterated a buy rating on shares of Lundin Mining in a research note on Thursday, August 17th. National Bank Financial downgraded Lundin Mining from an outperform rating to a sector perform rating and increased their target price for the company from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. CIBC reiterated an outperform rating and set a C$12.00 target price on shares of Lundin Mining in a research note on Friday, September 15th. Finally, BMO Capital Markets reiterated an outperform rating and set a C$10.50 target price on shares of Lundin Mining in a research note on Monday, October 23rd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$9.98.
Lundin Mining (TSE:LUN) opened at 9.47 on Thursday. The company has a market cap of $6.88 billion and a price-to-earnings ratio of 21.87. The stock has a 50 day moving average price of $9.21 and a 200-day moving average price of $8.24. Lundin Mining has a 12-month low of $5.15 and a 12-month high of $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.
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