Lundin Mining Co. (LUN) Receives Average Recommendation of “Hold” from Brokerages
Shares of Lundin Mining Co. (TSE:LUN) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$9.30.
Several analysts have recently issued reports on LUN shares. Berenberg Bank upped their target price on shares of Lundin Mining from C$10.00 to C$10.25 in a research report on Thursday, October 26th. CIBC decreased their target price on shares of Lundin Mining from C$12.00 to C$10.00 in a research report on Friday, December 1st. Eight Capital reduced their price objective on shares of Lundin Mining from C$12.00 to C$11.00 in a research report on Friday, December 1st. Morgan Stanley reduced their price objective on shares of Lundin Mining from C$7.20 to C$6.10 in a research report on Tuesday, December 5th. Finally, BMO Capital Markets increased their price objective on shares of Lundin Mining from C$9.50 to C$10.00 in a research report on Monday, December 18th.
Shares of Lundin Mining (TSE:LUN) traded down C$0.07 during midday trading on Monday, hitting C$8.33. 2,084,400 shares of the stock traded hands, compared to its average volume of 5,820,000. The stock has a market cap of $6,040.00, a PE ratio of 12.43 and a beta of 1.34. Lundin Mining has a 52-week low of C$6.62 and a 52-week high of C$10.22.
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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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