Lundin Mining Co. (LUN) PT Raised to C$9.00

Lundin Mining Co. (TSE:LUN) had its price target lifted by analysts at Royal Bank of Canada from C$8.00 to C$9.00 in a research note issued to investors on Friday. Royal Bank of Canada’s price objective suggests a potential upside of 22.12% from the company’s previous close.

LUN has been the topic of a number of other reports. TD Securities increased their price target on shares of Lundin Mining from C$9.50 to C$10.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank decreased their price objective on shares of Lundin Mining from C$10.00 to C$9.50 and set a “buy” rating on the stock in a report on Thursday, February 23rd. Finally, CSFB assumed coverage on shares of Lundin Mining in a report on Thursday, April 13th. They set an “outperform” rating and a C$9.50 price objective on the stock. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$8.35.

Analyst Recommendations for Lundin Mining (TSE:LUN)

Shares of Lundin Mining (TSE:LUN) traded up 4.34% on Friday, hitting $7.69. 1,692,513 shares of the stock traded hands. Lundin Mining has a one year low of $4.08 and a one year high of $8.94. The company’s market cap is $5.59 billion. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $7.28.

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Lundin Mining Company Profile

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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