Lundin Mining (TSE:LUN) had its target price upped by analysts at BMO Capital Markets from C$9.50 to C$10.00 in a research note issued on Monday. BMO Capital Markets’ target price indicates a potential upside of 30.72% from the company’s current price.
A number of other brokerages have also recently weighed in on LUN. Berenberg Bank dropped their price objective on shares of Lundin Mining from C$10.00 to C$9.25 in a research note on Friday, September 8th. Morgan Stanley dropped their price objective on shares of Lundin Mining from C$7.20 to C$6.10 in a research note on Tuesday, December 5th. CSFB raised their target price on shares of Lundin Mining from C$8.75 to C$11.50 and gave the stock a “neutral” rating in a research report on Monday, December 4th. Eight Capital decreased their target price on shares of Lundin Mining from C$12.00 to C$11.00 in a research report on Friday, December 1st. Finally, CIBC restated an “outperform” rating and set a C$12.00 target price on shares of Lundin Mining in a research report on Friday, September 15th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$9.30.
Shares of Lundin Mining (TSE LUN) traded up C$0.17 on Monday, hitting C$7.65. 2,434,696 shares of the stock were exchanged, compared to its average volume of 3,074,940. Lundin Mining has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.22.
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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