Lundin Mining Co. (LUN) Reaches New 12-Month High at $10.22

Lundin Mining Co. (TSE:LUN) shares hit a new 52-week high on Wednesday . The company traded as high as C$10.22 and last traded at C$10.17, with a volume of 1451142 shares changing hands. The stock had previously closed at C$10.12.

A number of research analysts have recently commented on the stock. Scotiabank reissued a “focus stock” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Thursday, October 26th. Berenberg Bank boosted their target price on shares of Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. BMO Capital Markets reissued an “outperform” rating and set a C$10.50 target price on shares of Lundin Mining in a research report on Monday, October 23rd. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$10.50 to C$11.50 in a research report on Wednesday, October 18th. Finally, CIBC reissued an “outperform” rating and set a C$12.00 target price on shares of Lundin Mining in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lundin Mining currently has a consensus rating of “Buy” and a consensus target price of C$9.98.

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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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