Lundin Mining Co. (TSE:LUN) shares fell 4.3% during mid-day trading on Thursday . The company traded as low as C$10.01 and last traded at C$9.76. 760,554 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 2,580,000 shares. The stock had previously closed at C$10.20.
A number of research firms have issued reports on LUN. Eight Capital reissued a “buy” rating on shares of Lundin Mining in a research note on Thursday, August 17th. Berenberg Bank boosted their target price on Lundin Mining from C$10.00 to C$10.25 in a research note on Thursday, October 26th. Scotiabank reissued a “focus stock” rating and issued a C$10.50 target price on shares of Lundin Mining in a research note on Thursday, October 26th. National Bank Financial decreased their target price on Lundin Mining from C$10.50 to C$9.50 and set an “outperform” rating for the company in a research note on Monday, July 24th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$10.50 target price on shares of Lundin Mining in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Lundin Mining currently has a consensus rating of “Buy” and an average target price of C$9.98.
About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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