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Scotiabank Thinks Lundin Mining’s Stock is Going to Recover


Lundin Mining (TSX: LUN), the Materials sector company, was revisited by a Wall Street analyst on October 10. The company received a Buy on October 10 from Scotiabank’s analyst Orest Wowkodaw, with a C$9.25 price target.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.

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Lundin Mining has an analyst consensus of Moderate Buy, with a price target consensus of C$8.90.

The company has a one-year high of C$10.22 and a one-year low of C$5.86. Currently, Lundin Mining has an average volume of 2.2M.

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$6, close to its 52-week low of C$5.86.