The Materials sector company, Lundin Mining (TSX: LUN), has received a rating update from a Wall Street analyst on May 8. Analyst Fawzi Hanano from Berenberg Bank reiterated a Hold rating, with a C$9.35 price target on May 8.
According to TipRanks.com, Hanano is ranked #4504 out of 4793 analysts.
Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$9.96.
Based on Lundin Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$103 million. In comparison, last year the company had a net profit of C$121 million.
Lundin Mining Corp. is a metal based company, which engages in the production of copper, zinc, and nickel. It focuses on operations and development projects in Chile, the United States of America, Portugal, and Sweden. Its projects include Candelaria, Eagle, Neves-Corvo, and Zinkgruvan.
The company’s shares closed on Wednesday at C$8.32.
