What Can We Expect after a Lundin Mining Corp (TSE:LUN) Downgrade from Outperform to Market Perform Rating?

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Lundin Mining Corp (TSE:LUN) Receives a Downgrade

In a recent research report revealed to investors and clients on 4 December, equity research analysts at Raymond James’s equities research division downgraded shares of Lundin Mining Corp (TSE:LUN) stock from their previous Outperform rating to a Market Perform. They now have a $4.50 PT on LUN or a 18.73% upside.

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 $2.48. The mean of all analyst targets is $4.61 with a 57.52% above today’s ($3.79) stock price. Lundin Mining Corporation was the topic of 24 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 3 with “Outperform” rating. BMO Capital Markets initiated LUN stock in a recent report from August 21 with “Outperform” rating.

The stock increased 0.80% or $0.03 on December 4, striking $3.79. Approximately shares of stock traded hands. Lundin Mining Corporation (TSE:LUN) has declined 40.60% since May 4, 2015 and is downtrending. It has underperformed by 39.52% the S&P500.

 What Can We Expect after a Lundin Mining Corp (TSE:LUN) Downgrade from Outperform to Market Perform Rating?

Lundin Mining Corporation is a Canada mining company. The company has a market cap of $2.73 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 18.19 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.

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