Raymond James Financial Inc. Lowers Lundin Mining Co. (LUN) Price Target to C$6.00
Lundin Mining Co. (TSE:LUN) had its price objective decreased by investment analysts at Raymond James Financial Inc. from C$6.25 to C$6.00 in a report released on Thursday. Raymond James Financial Inc.’s price target points to a potential upside of 14.94% from the company’s current price.
Several other equities research analysts have also recently weighed in on LUN. Goldman Sachs Group Inc. increased their price objective on shares of Lundin Mining from C$2.80 to C$3.80 in a research report on Monday, June 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Lundin Mining in a research report on Thursday, June 30th. Scotiabank increased their price objective on shares of Lundin Mining from C$5.25 to C$5.50 and gave the stock a “focus stock” rating in a research report on Thursday, June 30th. TD Securities increased their price objective on shares of Lundin Mining from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Thursday, June 30th. Finally, Berenberg Bank increased their price objective on shares of Lundin Mining from C$4.20 to C$4.50 in a research report on Friday, July 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$6.05.
Shares of Lundin Mining (TSE:LUN) traded down 2.49% during midday trading on Thursday, reaching $5.09. The company’s stock had a trading volume of 974,614 shares. Lundin Mining has a 12-month low of $2.98 and a 12-month high of $5.78. The stock’s 50-day moving average price is $5.13 and its 200-day moving average price is $4.74. The company’s market cap is $3.66 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.
Receive News & Ratings for Lundin Mining Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining Co. and related companies with MarketBeat.com's FREE daily email newsletter.