The Materials sector company, Lundin Mining (LUN), has received a rating update from a Wall Street analyst yesterday. CIBC’s analyst Oscar Cabrera reiterates their Buy rating on the shares, with a C$9 price target.
According to TipRanks.com, Cabrera is ranked 0 out of 5 stars with an average return of -13.5% and a 34.2% success rate. Cabrera covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Capstone Mining Corp, and Hudbay Minerals Inc.
Lundin Mining has an analyst consensus of Strong Buy, with a price target consensus of C$8.21.
The company has a one-year high of C$9.21 and a one-year low of C$4.70. Currently, Lundin Mining has an average volume of 2.55M.
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$5.90.
