Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $4.50 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 15.71% from the stock’s current price.

According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “

Lundin Mining (NASDAQ:LUNMF) opened at 3.889 on Wednesday. Lundin Mining has a 1-year low of $2.03 and a 1-year high of $4.45. The company’s 50 day moving average is $3.92 and its 200 day moving average is $3.65. The company’s market cap is $2.80 billion.

About Lundin Mining

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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