Lundin Mining (LUN) Price Target Cut to C$10.00 by Analysts at CIBC
Lundin Mining (TSE:LUN) had its target price lowered by equities research analysts at CIBC from C$12.00 to C$10.00 in a research note issued to investors on Friday. CIBC’s price objective suggests a potential upside of 32.98% from the stock’s previous close.
A number of other equities analysts have also recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$10.50 price target on shares of Lundin Mining in a research note on Monday, October 23rd. Scotiabank reiterated a “focus stock” rating and issued a C$10.50 target price on shares of Lundin Mining in a research note on Thursday, October 26th. Berenberg Bank lifted their price objective on shares of Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. National Bank Financial cut shares of Lundin Mining from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. Finally, Eight Capital restated a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of C$10.02.
Lundin Mining (TSE:LUN) traded down C$1.44 during trading hours on Friday, reaching C$7.52. 74,935,581 shares of the company’s stock were exchanged, compared to its average volume of 2,964,312. Lundin Mining has a fifty-two week low of C$6.30 and a fifty-two week high of C$10.22.
About Lundin Mining
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.
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