Lundin Mining (LUN) Price Target Lowered to C$8.50 at Raymond James
Lundin Mining (TSE:LUN) had its target price cut by Raymond James from C$9.00 to C$8.50 in a research report sent to investors on Friday morning. They currently have a market perform rating on the mining company’s stock.
Several other research firms have also recently issued reports on LUN. National Bank Financial decreased their target price on shares of Lundin Mining from C$11.25 to C$10.00 in a research note on Saturday, July 14th. CIBC upgraded shares of Lundin Mining from a neutral rating to an outperform rating and set a C$10.00 target price for the company in a research note on Tuesday, July 31st. CSFB reiterated a neutral rating and issued a C$10.00 target price on shares of Lundin Mining in a research note on Monday, September 10th. Finally, Barclays reiterated an overweight rating on shares of Lundin Mining in a research note on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of C$9.31.
LUN opened at C$5.25 on Friday. Lundin Mining has a 1 year low of C$4.70 and a 1 year high of C$10.22.
In related news, insider Jinhee Magie sold 20,334 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$7.07, for a total value of C$143,761.38. Also, insider Mikael Schauman purchased 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was bought at an average cost of C$5.01 per share, with a total value of C$551,100.00.
About Lundin Mining
Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interest in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in Candelaria and Ojos del Salado mining complex; and 24% interest the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
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