Lundin Mining Co. (TSE:LUN) has been given a C$6.75 price objective by analysts at Scotiabank in a research note issued to investors on Monday. The brokerage presently has a “focus stock” rating on the mining company’s stock. Scotiabank’s price objective indicates a potential downside of 2.46% from the stock’s previous close.
LUN has been the subject of several other reports. Canaccord Genuity lifted their price target on Lundin Mining from C$7.00 to C$7.50 and gave the company a “buy” rating in a report on Friday, August 12th. TD Securities reduced their price target on Lundin Mining from C$6.50 to C$6.00 and set a “hold” rating for the company in a report on Friday, October 21st. Goldman Sachs Group Inc. upgraded Lundin Mining from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$4.50 to C$8.00 in a report on Wednesday, November 16th. Royal Bank Of Canada reiterated an “outperform” rating and set a C$7.00 price target on shares of Lundin Mining in a report on Monday, October 24th. Finally, Berenberg Bank lifted their price target on Lundin Mining from C$5.00 to C$5.10 and gave the company a “hold” rating in a report on Friday, October 28th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Lundin Mining currently has a consensus rating of “Buy” and a consensus target price of C$6.34.
Shares of Lundin Mining (TSE:LUN) traded up 0.58% during mid-day trading on Monday, reaching $6.96. 1,205,129 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $5.71 and a 200-day moving average price of $5.08. The company’s market capitalization is $5.01 billion. Lundin Mining has a 1-year low of $2.98 and a 1-year high of $7.07.