Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$9.63.
Several equities analysts have recently weighed in on LUN shares. Eight Capital reissued a “buy” rating on shares of Lundin Mining in a report on Thursday, August 17th. Scotiabank reaffirmed a “focus stock” rating and issued a C$10.50 target price on shares of Lundin Mining in a report on Wednesday, September 6th. Berenberg Bank decreased their target price on Lundin Mining from C$10.00 to C$9.25 in a report on Friday, September 8th. CIBC reaffirmed an “outperform” rating and issued a C$12.00 target price on shares of Lundin Mining in a report on Friday, September 15th. Finally, National Bank Financial cut Lundin Mining from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from C$10.50 to C$11.50 in a report on Wednesday, October 18th.
Lundin Mining (LUN) traded up C$0.29 during midday trading on Thursday, hitting C$7.06. The stock had a trading volume of 4,140,000 shares, compared to its average volume of 5,590,000. Lundin Mining has a 12-month low of C$6.30 and a 12-month high of C$10.22.
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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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