Analysts at BMO Capital Markets began coverage on shares of Lundin Mining (TSE:LUN) in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. The firm set an “outperform” rating on the stock.
Lundin Mining (TSE:LUN) traded up 0.83% on Wednesday, hitting $4.88. The stock had a trading volume of 1,162,570 shares. Lundin Mining has a 52-week low of $3.68 and a 52-week high of $5.54. The stock has a 50-day moving average of $4.4 and a 200-day moving average of $4.29. The company has a market cap of $2.851 billion and a P/E ratio of 34.57.
A number of other firms have also recently commented on LUN. Analysts at LB Securities initiated coverage on shares of Lundin Mining (TSE:LUN) in a research note to investors on Wednesday, August 28th. They set a “buy” rating and a C$5.50 price target on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Lundin Mining (TSE:LUN) from C$4.65 to C$4.75 in a research note to investors on Thursday, August 1st. Finally, analysts at RBC Capital raised their price target on shares of Lundin Mining (TSE:LUN) from C$5.50 to C$5.75 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock.
Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Lundin Mining has an average rating of “Buy” and an average target price of C$5.78.
Lundin Mining Corporation (TSE:LUN) is a diversified Canadian-base metals mining company with operations in Portugal, Sweden, Spain and Ireland, producing copper, zinc, lead and nickel.