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National Bank Keeps a Buy Rating on Lundin Mining (LUN)


Lundin Mining (LUN), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Don DeMarco from National Bank rated Lundin Mining (LUN) a Buy, setting a C$8.75 price target.

According to TipRanks.com, DeMarco is a 1-star analyst with an average return of -2.8% and a 38.5% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, SilverCrest Metals Inc, and Osisko Mining Inc.

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Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$8.28, which is a 45.0% upside from current levels. In a report issued on October 26, RBC Capital also upgraded the stock to Buy with a C$8 price target.

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The company has a one-year high of C$10.22 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$5.71.

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