Lundin Mining (LUN) has received a rating update from a Wall Street analyst yesterday. Analyst Farooq Hamed from Raymond James rated Lundin Mining (LUN) a Hold, setting a C$8.50 price target.
According to TipRanks.com, Hamed is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -21.6% and a 30.0% success rate. Hamed covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, Nevsun Resources Ltd, and Hudbay Minerals Inc.
Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of C$8.19, implying a 27.4% upside from current levels. In a report issued on November 26, Credit Suisse also maintained a Hold rating on the stock with a C$9 price target.
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Lundin Mining’s market cap is currently C$4.25B and has a P/E ratio of 10.6. The company has a Price to Book ratio of 0.89.
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$6.43.
