Lundin Mining Co. (LUN) Given Consensus Rating of “Hold” by Brokerages
Lundin Mining Co. (TSE:LUN) has earned an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$9.69.
LUN has been the subject of a number of research analyst reports. CIBC upgraded Lundin Mining from a “neutral” rating to an “outperform” rating and set a C$10.00 price objective for the company in a report on Tuesday, July 31st. National Bank Financial dropped their price objective on Lundin Mining from C$11.25 to C$10.00 in a report on Saturday, July 14th. Scotiabank restated an “outperform” rating and set a C$9.50 price objective on shares of Lundin Mining in a report on Thursday, April 26th. Morgan Stanley upped their price objective on Lundin Mining from C$7.70 to C$7.90 in a report on Tuesday, May 15th. Finally, Berenberg Bank upped their price objective on Lundin Mining from C$9.25 to C$9.35 in a report on Thursday, April 26th.
LUN traded up C$0.04 during trading on Tuesday, hitting C$6.43. The company’s stock had a trading volume of 1,183,000 shares, compared to its average volume of 2,354,455. Lundin Mining has a twelve month low of C$6.05 and a twelve month high of C$10.22.
Lundin Mining Company Profile
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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