Lundin Mining Co. (TSE:LUN) had its price target dropped by investment analysts at Berenberg Bank from C$10.00 to C$9.25 in a research report issued to clients and investors on Friday. Berenberg Bank’s price objective suggests a potential upside of 4.64% from the stock’s previous close.

Several other research analysts also recently issued reports on LUN. TD Securities lifted their price objective on Lundin Mining from C$9.50 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, May 18th. Royal Bank Of Canada lifted their price objective on Lundin Mining from C$8.00 to C$9.00 in a research report on Friday, May 19th. BMO Capital Markets started coverage on Lundin Mining in a research report on Friday, June 2nd. They set an “outperform” rating and a C$10.50 price objective for the company. National Bank Financial cut their price objective on Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating for the company in a research report on Monday, July 24th. Finally, Scotiabank restated a “focus stock” rating and set a C$9.25 price objective on shares of Lundin Mining in a research report on Thursday, July 27th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$8.89.

Shares of Lundin Mining (LUN) traded up 1.70% during trading on Friday, hitting $8.99. The company’s stock had a trading volume of 698,751 shares. Lundin Mining has a one year low of $4.91 and a one year high of $9.90. The company has a 50-day moving average price of $9.10 and a 200-day moving average price of $7.88. The stock has a market cap of $6.54 billion and a PE ratio of 20.76.

Lundin Mining (TSE:LUN) last issued its quarterly earnings data on Wednesday, July 26th. The mining company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Lundin Mining had a return on equity of 5.92% and a net margin of 14.08%. The firm had revenue of $611.61 million during the quarter. Equities analysts predict that Lundin Mining will post $0.36 EPS for the current fiscal year.

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Lundin Mining Company Profile

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.

Analyst Recommendations for Lundin Mining (TSE:LUN)

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