Canaccord Genuity downgraded shares of Lundin Mining (OTCMKTS:LUNMF) from a buy rating to a hold rating in a report published on Tuesday, The Fly reports.
A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Lundin Mining in a research note on Friday, October 29th. National Bank Financial decreased their price objective on Lundin Mining from C$17.00 to C$15.50 and set a sector perform rating for the company in a report on Friday, July 30th. UBS Group reiterated a neutral rating on shares of Lundin Mining in a report on Tuesday, October 5th. Morgan Stanley reiterated an equal weight rating on shares of Lundin Mining in a report on Wednesday, September 29th. Finally, Credit Suisse Group reduced their price target on Lundin Mining from C$13.00 to C$11.25 and set a neutral rating for the company in a report on Wednesday, August 25th. Fifteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $13.00.
Shares of LUNMF stock opened at $8.25 on Tuesday. The stock has a fifty day moving average of $8.07 and a 200 day moving average of $8.87. Lundin Mining has a 52 week low of $6.66 and a 52 week high of $13.11. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 9.07 and a beta of 1.87.
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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