The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 531,526 shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 13.67% since March 10, 2016 and is uptrending. It has outperformed by 8.06% the S&P500.
The move comes after 9 months positive chart setup for the $3.61 billion company. It was reported on Oct, 17 by Barchart.com. We have $7.03 PT which if reached, will make TSE:LUN worth $1.34 billion more.
Lundin Mining Corporation (TSE:LUN) Ratings Coverage
Out of 7 analysts covering Lundin Mining Corporation (TSE:LUN), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $8.25 is the highest target while $2.90 is the lowest. The $5.72 average target is 11.50% above today’s ($5.13) stock price. Lundin Mining Corporation has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, January 14 the stock rating was downgraded by Barclays Capital to “Equal Weight”. RBC Capital Markets maintained the shares of LUN in a report on Friday, September 2 with “Outperform” rating. Scotia Capital maintained it with “Focus Stock” rating and $6 target price in Monday, August 29 report. Raymond James downgraded the shares of LUN in a report on Thursday, October 29 to “Outperform” rating. Raymond James downgraded the shares of LUN in a report on Friday, December 4 to “Market Perform” rating. As per Wednesday, July 20, the company rating was maintained by Scotia Capital. The firm has “Outperform” rating given on Thursday, December 3 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, August 21 by BMO Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 22. The company was maintained on Friday, July 22 by RBC Capital Markets.
More notable recent Lundin Mining Corporation (TSE:LUN) news were published by: Business.Financialpost.com which released: “Lundin Mining Corp to buy 80% stake in Chile copper mine for US$1.8-billion” on October 06, 2014, also Fool.ca with their article: “Will Mine Acquisitions Pay Off for Lundin Mining Corporation?” published on March 24, 2015, Fool.ca published: “Lundin Mining Corporation Is Back Under $4. Is This Another Buying Opportunity?” on November 12, 2015. More interesting news about Lundin Mining Corporation (TSE:LUN) were released by: Moodys.com and their article: “Moody’s Downgrades Lundin’s ratings to B1; outlook is stable” published on February 29, 2016 as well as Seekingalpha.com‘s news article titled: “Lundin Mining Has Upside Of 40% To 80%” with publication date: March 08, 2016.
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 $3.61 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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