Lundin Mining (LUN) Cut to “Neutral” at CIBC
Lundin Mining (TSE:LUN) was downgraded by equities research analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Monday.
LUN has been the subject of several other reports. Scotiabank upped their target price on Lundin Mining from C$9.00 to C$11.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. BMO Capital Markets restated an “outperform” rating and set a C$10.50 price target on shares of Lundin Mining in a research note on Monday, October 23rd. Berenberg Bank upped their price target on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. Morgan Stanley dropped their price target on Lundin Mining from C$7.20 to C$6.10 in a research note on Tuesday, December 5th. Finally, National Bank Financial lowered Lundin Mining from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$10.50 to C$11.50 in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$9.30.
Lundin Mining (LUN) opened at C$8.78 on Monday. The company has a market capitalization of $6,370.00, a price-to-earnings ratio of 13.10 and a beta of 1.34. Lundin Mining has a 12 month low of C$6.62 and a 12 month high of C$10.22.
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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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