TD Securities Downgrades Lundin Mining (LUN) to Hold
Lundin Mining (TSE:LUN) was downgraded by investment analysts at TD Securities from a “buy” rating to a “hold” rating in a note issued to investors on Thursday. They presently have a C$9.50 price target on the mining company’s stock, down from their previous price target of C$11.50. TD Securities’ price objective would suggest a potential upside of 31.58% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Berenberg Bank boosted their price target on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. Eight Capital reiterated a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. Scotiabank restated a “focus stock” rating and set a C$10.50 price objective on shares of Lundin Mining in a research note on Thursday, October 26th. Canaccord Genuity cut Lundin Mining from a “buy” rating to a “hold” rating and cut their price objective for the company from C$10.50 to C$9.00 in a research note on Thursday. Finally, Raymond James Financial upped their price objective on Lundin Mining from C$9.00 to C$10.00 and gave the company a “market perform” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$10.02.
Lundin Mining (TSE:LUN) opened at C$7.22 on Thursday. Lundin Mining has a one year low of C$6.30 and a one year 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.
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.