Lundin Mining’s (LUN) “Focus Stock” Rating Reiterated at Scotiabank
Scotiabank reiterated their focus stock rating on shares of Lundin Mining Co. (TSE:LUN) in a research note published on Thursday morning. The firm currently has a C$6.25 price objective on the mining company’s stock.
LUN has been the subject of a number of other research reports. Royal Bank Of Canada reiterated an outperform rating on shares of Lundin Mining in a research note on Friday, September 2nd. National Bank Financial lifted their price target on Lundin Mining from C$5.25 to C$6.75 in a research note on Tuesday, July 19th. Goldman Sachs Group Inc. lifted their price target on Lundin Mining from C$2.80 to C$3.80 in a research note on Monday, June 27th. CIBC lifted their price target on Lundin Mining from C$5.50 to C$6.00 in a research note on Thursday, July 28th. Finally, TD Securities lifted their price target on Lundin Mining from C$5.50 to C$6.00 and gave the company a buy rating in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Lundin Mining presently has an average rating of Buy and a consensus target price of C$5.93.
Shares of Lundin Mining (TSE:LUN) opened at 5.03 on Thursday. The firm’s 50-day moving average price is $5.19 and its 200-day moving average price is $4.71. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $5.78. The stock’s market capitalization is $3.62 billion.
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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