Lundin Mining (TSX: LUN), the Materials sector company, was revisited by a Wall Street analyst on October 25. Analyst Anita Soni from Credit Suisse reiterated a Hold rating, with a C$9 price target on October 25.
According to TipRanks.com, Soni is ranked 0 out of 5 stars with an average return of -9.5% and a 32.4% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Turquoise Hill, Lundin Mining, and Kinross Gold.
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Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of C$8.33.
Lundin Mining’s market cap is currently C$3.75B and has a P/E ratio of 9.4. The company has a Price to Book ratio of 0.79.
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 Tuesday at C$5.16, close to its 52-week low of C$4.70.
