What’s Ahead for Lundin Mining Corporation After Today’s Huge Decline?

 What's Ahead for Lundin Mining Corporation After Today's Huge Decline?

The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 1.86M shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 72.65% since April 7, 2016 and is uptrending. It has outperformed by 66.51% the S&P500.
The move comes after 7 months negative chart setup for the $4.64 billion company. It was reported on Nov, 11 by Barchart.com. We have $5.54 PT which if reached, will make TSE:LUN worth $417.60 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. $8.25 is the highest target while $2.90 is the lowest. The $5.84 average target is -4.11% below today’s ($6.09) stock price. 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) rating on Monday, October 24. RBC Capital Markets has “Outperform” rating and $7 price target. RBC Capital Markets maintained Lundin Mining Corporation (TSE:LUN) on Thursday, December 3 with “Outperform” rating. The company was maintained on Thursday, October 27 by Scotia Capital. The stock of Lundin Mining Corporation (TSE:LUN) has “Equal Weight” rating given on Thursday, January 14 by Barclays Capital. The stock of Lundin Mining Corporation (TSE:LUN) earned “Outperform” rating by RBC Capital Markets on Friday, July 22. The firm has “Focus Stock” rating given on Wednesday, July 20 by Scotia Capital. BMO Capital Markets initiated Lundin Mining Corporation (TSE:LUN) on Friday, August 21 with “Outperform” rating. The firm has “Outperform” rating by Raymond James given on Thursday, October 29. TD Securities maintained Lundin Mining Corporation (TSE:LUN) rating on Thursday, October 27. TD Securities has “Hold” rating and $6 price target. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 2.

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 $4.64 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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