Lundin Mining (TSX: LUN), the Materials sector company, was revisited by a Wall Street analyst on September 16. Analyst Sam Crittenden from RBC Capital reiterated a Hold rating, with a C$8 price target on September 16.
According to TipRanks.com, Crittenden is ranked #4715 out of 4876 analysts.
Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of C$8.96, which is a 34.9% upside from current levels. In a report issued on September 13, Goldman Sachs also downgraded the stock to Hold with a C$7.50 price target.
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The company has a one-year high of C$10.22 and a one-year low of C$6.00. Currently, Lundin Mining has an average volume of 2.22M.
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 Tuesday at C$6.64, close to its 52-week low of C$6.00.
