Lundin Mining (LUN) Gets a Hold Rating from Goldman Sachs


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Eugene King from Goldman Sachs reiterated a Hold rating on Lundin Mining (LUN)

According to TipRanks.com, King is a 3-star analyst with an average return of 2.8% and a 64.7% success rate. King covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals Ltd, Anglo American, and ArcelorMittal.

Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$8.44.

Lundin Mining’s market cap is currently C$4.78B and has a P/E ratio of 10.9. The company has a Price to Book ratio of 1.

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$6.62.