The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 1.11 million shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 45.35% since February 5, 2016 and is uptrending. It has outperformed by 28.86% the S&P500.
The move comes after 8 months negative chart setup for the $3.60 billion company. It was reported on Sep, 13 by Barchart.com. We have $4.62 PT which if reached, will make TSE:LUN worth $216.00 million less.
Out of 5 analysts covering Lundin Mining Corporation (TSE:LUN), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Lundin Mining Corporation has been the topic of 29 analyst reports since September 21, 2015 according to StockzIntelligence Inc.
Lundin Mining Corporation is a Canadian base metals mining firm with activities in Chile, Portugal, Sweden and the United States. The company has a market cap of $3.60 billion. The Firm holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland. It currently has negative earnings. The Company’s principal products and sources of sales are copper, nickel, zinc and lead concentrates.
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