Could Lundin Mining Corporation Change Direction After Today’s Huge Increase?

 Could Lundin Mining Corporation Change Direction After Today's Huge Increase?

The stock of Lundin Mining Corporation (TSE:LUN) is a huge mover today! About 1.70M shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 50.11% since April 27, 2016 and is uptrending. It has outperformed by 44.19% the S&P500.
The move comes after 9 months positive chart setup for the $4.94B company. It was reported on Dec, 1 by Barchart.com. We have $7.27 PT which if reached, will make TSE:LUN worth $296.40M more.

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 -7.73% below today’s ($6.86) stock price. Lundin Mining Corporation has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of LUN in a report on Wednesday, November 16 to “Buy” rating. TD Securities maintained Lundin Mining Corporation (TSE:LUN) rating on Thursday, October 27. TD Securities has “Hold” rating and $6 price target. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, December 3. The firm has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. The firm earned “Outperform” rating on Thursday, October 29 by Raymond James. The stock of Lundin Mining Corporation (TSE:LUN) has “Focus Stock” rating given on Wednesday, July 20 by Scotia Capital. The firm has “Focus Stock” rating given on Monday, November 28 by Scotia Capital. The rating was downgraded by Barclays Capital to “Equal Weight” on Thursday, January 14. The company was maintained on Monday, October 24 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, August 21 by BMO Capital Markets.

More recent Lundin Mining Corporation (TSE:LUN) news were published by: Marketwired.com which released: “Lundin Mining Provides Operating Outlook” on November 30, 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 $4.94 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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