Is Selling Lundin Mining Corporation Here a Winning Strategy?

 Is Selling Lundin Mining Corporation Here a Winning Strategy?

The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 980,184 shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 32.18% since March 24, 2016 and is uptrending. It has outperformed by 28.70% the S&P500.
The move comes after 8 months negative chart setup for the $3.86 billion company. It was reported on Oct, 31 by Barchart.com. We have $4.80 PT which if reached, will make TSE:LUN worth $347.40 million less.

Lundin Mining Corporation (TSE:LUN) Ratings Coverage

Out of 7 analysts covering Lundin Mining Corporation (TSE:LUN), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Lundin Mining Corporation has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Lundin Mining Corporation (TSE:LUN) on Friday, September 2 with “Outperform” rating. The stock of Lundin Mining Corporation (TSE:LUN) has “Outperform” rating given on Friday, August 21 by BMO Capital Markets. The company was downgraded on Thursday, October 29 by Raymond James. As per Thursday, December 3, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $6 target price in Friday, July 22 report. The firm has “Focus Stock” rating given on Monday, August 29 by Scotia Capital. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, January 14. The stock of Lundin Mining Corporation (TSE:LUN) has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. Scotia Capital maintained Lundin Mining Corporation (TSE:LUN) rating on Thursday, October 27. Scotia Capital has “Focus Stock” rating and $6 price target. The rating was maintained by TD Securities with “Hold” on Thursday, October 27.

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 $3.86 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.

LUN.TO Company Profile

Lundin Mining Corporation (Lundin Mining), incorporated on July 31, 2007, is a base metals mining firm with activities in Chile, Portugal, Sweden and the United States. In addition, the Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland. Lundin Mining’s principal products and sources of sales are copper, nickel, zinc and lead concentrates. The Company’s operating properties include Candelaria, Eagle, Neves-Corvo, Zinkgruvan and Tenke Fungurume. The Company’s other property include Aguablanca Mine. The Company’s subsidiaries include Lundin Mining AB, Lundin Mining US Ltd., Tenke Holding Ltd. and LMC Bermuda Ltd.

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