Lundin Mining (TSE:LUN) Rating Reaffirmed
The rating of Lundin Mining (TSE:LUN) shares were has reaffirmed by research professionals at RBC Capital Markets. This was shown in a comprehensive report on Thursday morning.
From a total of 24 analysts covering Lundin Mining Corporation (TSE:LUN) stock, 20 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $7.49 while the lowest target price is $2.42. The mean of all analyst targets is $4.65 with a 60.48% above today’s ($3.72) stock price. Lundin Mining Corporation was the topic of 23 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on October 29 to “Outperform” rating.
Approximately 399,312 shares of stock traded hands. Lundin Mining Corporation (TSE:LUN) has declined 38.83% since April 30, 2015 and is downtrending. It has underperformed by 38.55% the S&P500.
Lundin Mining Corporation is a Canada mining company. The company has a market cap of $2.67 billion. The Firm is engaged in mining, exploration and development of mineral properties, such as base metals, primarily in Chile, Portugal, Spain, Sweden, the United States and the Democratic Republic of the Congo . It has 17.88 P/E ratio. The Company’s wholly owned operating assets include the Neves-Corvo copper/zinc mine located in Portugal, the Zinkgruvan zinc/lead mine located in Sweden, the Aguablanca nickel/copper mine located in Spain and the Eagle nickel/copper mine located in the United States.