Lundin Mining Upgraded by RBC Capital to Outperform (LUN)
Lundin Mining (TSE: LUN) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a report issued on Monday. The firm currently has a $6.00 target price on the stock, up from their previous target price of $5.75.
Shares of Lundin Mining traded down 1.30% during mid-day trading on Monday, hitting $4.55. Lundin Mining has a 52 week low of $3.70 and a 52 week high of $5.54. The stock’s 50-day moving average is currently $5.04. The company has a market cap of $2.655 billion and a P/E ratio of 21.95.
A number of other analysts have also recently weighed in on LUN. Analysts at Haywood Securities upgraded shares of Lundin Mining from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, February 25th. Separately, analysts at CIBC cut their price target on shares of Lundin Mining from $6.35 to $6.25 in a research note to investors on Friday, February 22nd. They now have a “sector perform” rating on the stock. Finally, analysts at GMP Securities initiated coverage on shares of Lundin Mining in a research note to investors on Monday, February 4th. They set a “buy” rating on the stock.
Lundin Mining Corporation (Lundin) is a diversified Canadian-base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.
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