The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 440,480 shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 25.92% since April 1, 2016 and is uptrending. It has outperformed by 23.96% the S&P500.
The move comes after 6 months positive chart setup for the $3.68B company. It was reported on Nov, 7 by Barchart.com. We have $8.85 PT which if reached, will make TSE:LUN worth $2.47B more.
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. $8.25 is the highest target while $2.90 is the lowest. The $5.84 average target is 10.19% above today’s ($5.3) stock price. Lundin Mining Corporation has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James on Thursday, October 29 to “Outperform”. RBC Capital Markets maintained Lundin Mining Corporation (TSE:LUN) on Friday, January 22 with “Outperform” rating. The rating was maintained by Scotia Capital with “Focus Stock” on Monday, August 29. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 3 report. The firm has “Focus Stock” rating given on Thursday, October 27 by Scotia Capital. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 2. The stock has “Focus Stock” rating given by Scotia Capital on Wednesday, July 20. On Monday, October 24 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Barclays Capital to “Equal Weight” on Thursday, January 14.
More important 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 published article titled: “Will Mine Acquisitions Pay Off for Lundin Mining Corporation?”, 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) was released by: Moodys.com and their article: “Moody’s Downgrades Lundin’s ratings to B1; outlook is stable” with publication date: February 29, 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 $3.68 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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