In a latest note to investors, a research analyst has provided a rating update for the Lundin Mining (LUN). Today, analyst Farooq Hamed gave a Hold rating to LUN and set a C$8 price target.
According to TipRanks.com, Hamed has currently no stars on a ranking scale of 0-5 stars, with an average return of -17.8% and a 27.4% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, Hudbay Minerals Inc, and Lundin Mining.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lundin Mining with a C$8.21 average price target.
Lundin Mining’s market cap is currently C$4.44B and has a P/E ratio of 11.1. The company has a Price to Book ratio of 0.93.
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 Friday at C$6.07.
