Lundin Mining (OTCMKTS:LUNMF) had its target price decreased by research analysts at Royal Bank of Canada from C$13.00 to C$12.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “sector perform” rating on the basic materials company’s stock.
A number of other analysts also recently issued reports on the stock. TD Securities cut their price target on shares of Lundin Mining from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Wednesday. National Bank Financial decreased their price target on shares of Lundin Mining from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a research report on Friday, July 30th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lundin Mining in a research report on Monday, September 13th. UBS Group reaffirmed a “neutral” rating on shares of Lundin Mining in a research report on Tuesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Lundin Mining in a research report on Friday, October 29th. Fifteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.00.
Shares of Lundin Mining stock opened at $8.25 on Wednesday. The firm has a market capitalization of $6.06 billion, a PE ratio of 9.07 and a beta of 1.87. Lundin Mining has a twelve month low of $6.66 and a twelve month high of $13.11. The firm’s 50-day moving average price is $8.07 and its 200 day moving average price is $8.87.
Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal, and Sweden. It holds interest in the following projects: Chapada, Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.
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