Berenberg Bank Increases Lundin Mining (LUN) Price Target to C$9.00

Lundin Mining (TSE:LUN) had its price objective raised by Berenberg Bank from C$7.50 to C$9.00 in a research note released on Thursday.

LUN has been the topic of a number of other research reports. Scotiabank lifted their price target on Lundin Mining from C$9.00 to C$11.00 and gave the company an outperform rating in a report on Thursday, November 30th. BMO Capital Markets reiterated an outperform rating and set a C$10.50 price target on shares of Lundin Mining in a report on Monday, October 23rd. Morgan Stanley lowered their price target on Lundin Mining from C$7.20 to C$6.10 in a report on Tuesday, December 5th. CSFB lifted their price target on Lundin Mining from C$8.75 to C$11.50 and gave the company a neutral rating in a report on Monday, December 4th. Finally, National Bank Financial downgraded Lundin Mining from an outperform rating to a sector perform rating and lifted their price target for the company from C$10.50 to C$11.50 in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of C$9.43.

Lundin Mining (LUN) opened at C$7.87 on Thursday. Lundin Mining has a twelve month low of C$6.62 and a twelve month high of C$10.22. The firm has a market capitalization of $5,740.00, a price-to-earnings ratio of 11.57 and a beta of 1.39.

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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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