Credit Suisse Sticks to Its Hold Rating for Lundin Mining (LUN)


In a new note to investors yesterday, an analyst has provided a rating update for Lundin Mining (LUN). Credit Suisse’s analyst Anita Soni reiterates their Hold rating on the shares, with a C$9 price target.

According to TipRanks.com, Soni is ranked 0 out of 5 stars with an average return of -9.2% and a 32.4% success rate. Soni covers the Basic Materials sector, focusing on stocks such as Turquoise Hill, Lundin Mining, and Kinross Gold.

Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of C$8.25.

Lundin Mining’s market cap is currently C$3.95B and has a P/E ratio of 9.9. The company has a Price to Book ratio of 0.88.

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 Thursday at C$5.70.

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