Lundin Mining Corporation Has Another Very Weak Trading Session

 Lundin Mining Corporation Has Another Very Weak Trading Session

The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 1.21M shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 50.89% since April 19, 2016 and is uptrending. It has outperformed by 45.56% the S&P500.
The move comes after 8 months negative chart setup for the $5.27B company. It was reported on Nov, 23 by Barchart.com. We have $6.33 PT which if reached, will make TSE:LUN worth $368.90M less.

Lundin Mining Corporation (TSE:LUN) Ratings Coverage

Out of 8 analysts covering Lundin Mining Corporation (TSE:LUN), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $8.25 is the highest target while $2.90 is the lowest. The $6.33 average target is -7.05% below today’s ($6.81) stock price. Lundin Mining Corporation has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, August 29 by Scotia Capital. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 3 report. On Thursday, October 27 the stock rating was maintained by Scotia Capital with “Focus Stock”. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, October 24 report. The rating was upgraded by Goldman Sachs to “Buy” on Wednesday, November 16. As per Thursday, October 27, the company rating was maintained by TD Securities. The rating was downgraded by Raymond James to “Market Perform” on Friday, December 4. The rating was maintained by RBC Capital Markets on Friday, July 22 with “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 22. The stock has “Outperform” rating given by BMO Capital Markets on Friday, August 21.

More recent Lundin Mining Corporation (TSE:LUN) news were published by: Reuters.com which released: “Lundin Mining to sell stake in Tenke mine owner for $1.14 billion” on November 15, 2016. Also Fool.ca published the news titled: “Lundin Mining Corporation Is Back Under $4. Is This Another Buying Opportunity?” on November 12, 2015. Moodys.com‘s news article titled: “Moody’s Downgrades Lundin’s ratings to B1; outlook is stable” with publication date: February 29, 2016 was also an interesting one.

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 $5.27 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment