Lundin Mining (OTCMKTS:LUNMF) PT Lowered to C$12.25

Lundin Mining (OTCMKTS:LUNMF) had its price objective lowered by investment analysts at National Bank Financial from C$13.00 to C$12.25 in a research report issued to clients and investors on Wednesday, The Fly reports. The firm currently has a “sector perform” rating on the basic materials company’s stock.

Several other research firms have also recently weighed in on LUNMF. JPMorgan Chase & Co. restated an “overweight” rating on shares of Lundin Mining in a research report on Wednesday. BMO Capital Markets decreased their price objective on shares of Lundin Mining from C$16.50 to C$15.00 and set a “market perform” rating on the stock in a research report on Tuesday. TD Securities decreased their price objective on shares of Lundin Mining from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research report on Wednesday. Scotiabank decreased their price objective on shares of Lundin Mining from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Finally, Canaccord Genuity lowered Lundin Mining from a “buy” rating to a “hold” rating in a research note on Tuesday. Fifteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lundin Mining has a consensus rating of “Hold” and an average target price of $13.00.

LUNMF stock opened at $8.25 on Wednesday. The company’s 50 day moving average is $8.07 and its 200 day moving average is $8.87. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 9.07 and a beta of 1.87. Lundin Mining has a 1-year low of $6.66 and a 1-year high of $13.11.

About Lundin Mining

Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal, and Sweden. It holds interest in the following projects: Chapada, Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.

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