Lundin Mining Co. (LUN) Rating Reiterated by Scotiabank

Lundin Mining Co. (TSE:LUN)‘s stock had its “focus stock” rating reissued by Scotiabank in a report issued on Monday. They currently have a C$6.75 price objective on the mining company’s stock. Scotiabank’s target price would indicate a potential upside of 2.43% from the stock’s current price.

LUN has been the subject of several other research reports. TD Securities cut their target price on Lundin Mining from C$6.50 to C$6.00 and set a “hold” rating for the company in a research note on Friday, October 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$7.00 target price on shares of Lundin Mining in a research note on Monday, October 24th. Raymond James Financial Inc. cut their target price on Lundin Mining from C$6.25 to C$6.00 in a research note on Thursday, October 13th. Goldman Sachs Group Inc. raised Lundin Mining from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$4.50 to C$8.00 in a research note on Wednesday, November 16th. Finally, Berenberg Bank upped their target price on Lundin Mining from C$5.00 to C$5.10 and gave the stock a “hold” rating in a research note on Friday, October 28th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Lundin Mining currently has a consensus rating of “Buy” and an average price target of C$6.34.

Analyst Recommendations for Lundin Mining (TSE:LUN)

Shares of Lundin Mining (TSE:LUN) opened at 6.59 on Monday. The stock has a 50 day moving average of $5.76 and a 200 day moving average of $5.12. Lundin Mining has a 1-year low of $2.98 and a 1-year high of $7.07. The company’s market cap is $4.75 billion.

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Lundin Mining Company Profile

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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