BMO Capital Markets Trims Lundin Mining (TSE:LUN) Target Price to C$12.00

Lundin Mining (TSE:LUNFree Report) had its target price decreased by BMO Capital Markets from C$12.50 to C$12.00 in a report published on Friday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on LUN. Stifel Nicolaus cut their price target on shares of Lundin Mining from C$13.00 to C$12.00 and set a buy rating for the company in a report on Monday, November 13th. CIBC cut their price target on shares of Lundin Mining from C$13.00 to C$12.00 and set a neutral rating for the company in a report on Tuesday, January 16th. TD Securities cut their price target on shares of Lundin Mining from C$12.50 to C$10.50 and set a hold rating for the company in a report on Friday, November 3rd. Raymond James cut their price target on shares of Lundin Mining from C$9.50 to C$9.00 and set a market perform rating for the company in a report on Tuesday, November 28th. Finally, National Bank Financial upgraded shares of Lundin Mining from a sector perform market weight rating to an outperform market weight rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of C$11.84.

Check Out Our Latest Research Report on Lundin Mining

Lundin Mining Trading Down 0.2 %

LUN opened at C$11.08 on Friday. The company’s 50 day simple moving average is C$10.49 and its two-hundred day simple moving average is C$10.11. The firm has a market capitalization of C$8.58 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of -0.26 and a beta of 1.77. The company has a debt-to-equity ratio of 23.60, a current ratio of 1.35 and a quick ratio of 0.90. Lundin Mining has a 1-year low of C$7.35 and a 1-year high of C$11.93.

Lundin Mining Company Profile

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Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Brazil, Chile, Portugal, Sweden, and the United States. It primarily produces copper, zinc, nickel, and gold, as well as lead, silver, and other metals. The company holds 100% interests in the Chapada mine located in Brazil; the Neves-Corvo mine located in Portugal; the Eagle mine located in the United States; and the Zinkgruvan mine located in Sweden.

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Analyst Recommendations for Lundin Mining (TSE:LUN)

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