Follow The Ratings: Scotia Capital Analyst Reaffirmed $6.75 Price Target on Lundin Mining (TSE:LUN) stock, While Reiterating Focus Stock Rating

November 28, 2016 - By Marguerite Chambers

Lundin Mining (TSE:LUN) Rating

Lundin Mining (TSE:LUN) had its stock rating noted as Focus Stock by analysts at Scotia Capital. Scotia Capital currently has a $6.75 target price per share on the $4.91B market cap company or -2.60% downside potential. This was released in analysts note on Monday morning.

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 -8.79% below today’s ($6.94) stock price. Lundin Mining Corporation has been the topic of 53 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Lundin Mining Corporation (TSE:LUN) rating on Wednesday, July 20. Scotia Capital has “Focus Stock” rating and $5.50 price target. RBC Capital Markets maintained the shares of LUN in a report on Friday, September 2 with “Outperform” rating. As per Thursday, October 29, the company rating was downgraded by Raymond James. The stock of Lundin Mining Corporation (TSE:LUN) has “Buy” rating given on Wednesday, November 16 by Goldman Sachs. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 24. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, December 3. BMO Capital Markets initiated Lundin Mining Corporation (TSE:LUN) rating on Friday, August 21. BMO Capital Markets has “Outperform” rating and $5 price target. The firm earned “Outperform” rating on Friday, January 22 by RBC Capital Markets. The stock of Lundin Mining Corporation (TSE:LUN) earned “Hold” rating by TD Securities on Thursday, October 27. Barclays Capital downgraded the shares of LUN in a report on Thursday, January 14 to “Equal Weight” rating.

About 1.39M shares traded hands. Lundin Mining Corporation (TSE:LUN) has risen 57.63% since April 22, 2016 and is uptrending. It has outperformed by 51.62% the S&P500.

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 $4.91 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.

More recent Lundin Mining Corporation (TSE:LUN) news were published by: Seekingalpha.com which released: “Will Lundin Mining Acquire Nevsun Resources?” on November 28, 2016. Also Fool.ca published the news titled: “Lundin Mining Corporation Is Back Under $4. Is This Another Buying Opportunity?” on November 12, 2015. Reuters.com‘s news article titled: “Lundin Mining to sell stake in Tenke mine owner for $1.14 billion” with publication date: November 15, 2016 was also an interesting one.

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