Lundin Mining (LUN), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Credit Suisse’s analyst Anita Soni reiterates their Hold rating on the shares, with a C$9 price target.
According to TipRanks.com, Soni ‘s ranking currently consits of no stars on a 0-5 ranking scale, 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.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lundin Mining with a C$8.25 average price target.
Lundin Mining’s market cap is currently C$3.99B and has a P/E ratio of 10. The company has a Price to Book ratio of 0.82.
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 Monday at C$5.30, close to its 52-week low of C$4.70.
