RBC Capital Thinks Lundin Mining’s Stock is Going to Recover

Lundin Mining (TSX: LUN) has received a rating update from a Wall Street analyst on October 26. The company received a Buy on October 26 from RBC Capital’s analyst Sam Crittenden, with a C$8 price target.

According to TipRanks.com, Crittenden has 0 stars on 0-5 star ranking scale with an average return of -15.2% and a 25.5% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Nevsun Resources Ltd, Capstone Mining Corp, and Lundin Mining.

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Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of C$8.71.

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 2.38M.

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$5.25, close to its 52-week low of C$4.70.