Can Lundin Mining Corporation’s Tomorrow be Different? The Stock Just Broke Its High

 Can Lundin Mining Corporation's Tomorrow be Different? The Stock Just Broke Its High

The stock of Lundin Mining Corporation (TSE:LUN) hit a new 52-week high and has $7.26 target or 21.00% above today’s $6.00 share price. The 9 months bullish chart indicates low risk for the $4.46B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $7.26 price target is reached, the company will be worth $936.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.30 million shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 44.11% since April 5, 2016 and is uptrending. It has outperformed by 39.33% the S&P500.

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 -2.67% below today’s ($6) stock price. Lundin Mining Corporation has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, January 14 by Barclays Capital. The rating was maintained by TD Securities with “Hold” on Thursday, October 27. The stock has “Outperform” rating given by RBC Capital Markets on Friday, July 22. The stock of Lundin Mining Corporation (TSE:LUN) has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. The firm has “Outperform” rating given on Thursday, December 3 by RBC Capital Markets. The firm has “Market Perform” rating by Raymond James given on Friday, December 4. As per Thursday, October 29, the company rating was downgraded by Raymond James. The company was maintained on Monday, August 29 by Scotia Capital. The firm has “Outperform” rating given on Friday, September 2 by RBC Capital Markets. The stock has “Outperform” rating given by RBC Capital Markets on Monday, October 24.

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 $4.46 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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