In a latest note to investors, a research analyst has provided a rating update for the Lundin Mining (LUN). Analyst Orest Wowkodaw from Scotiabank rated Lundin Mining (LUN) a Buy yesterday, setting a C$8 price target.
According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 16.9% and a 51.4% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lundin Mining with a C$8.19 average price target.
Based on Lundin Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$9.19 million. In comparison, last year the company had a net profit of C$165 million.
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$5.79.
