A statement released earlier today by Scotia Capital about Lundin Mining (TSE:LUN) bumps the target price to $7.75
- Updated: December 1, 2016
Boasting a price of $6.82, Lundin Mining (TSE:LUN) traded 4.55% higher on the day. With the last stock price close up 34.58% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Lundin Mining has recorded a 50-day average of $5.76 and a two hundred day average of $5.12. Volume of trade was down over the average, with 1,815,055 shares of LUN changing hands under the typical 2,277,540
Scotia Capital bumped up the target of Lundin Mining (TSE:LUN) to $7.75 stating a potential upside of 0.14%.
On Monday November 28, 2016, Scotia Capital released a statement for Lundin Mining (TSE:LUN) bumped up the target price from $0.00 to $6.75 that suggested a downside of -0.03%.
With a total market value of $0, Lundin Mining has with a one year low of $2.98 and a one year high of $7.07 .
A total of 21 equity analysts have released a ratings update on LUN. Six equity analysts rating the company a strong buy, ten equity analysts rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $5.15.
Brief Synopsis About Lundin Mining (TSE:LUN)
Lundin Mining Corporation is a Canadian base metals mining company with operations in Chile, Portugal, Sweden and the United States. The Company holds equity stake in the Tenke Fungurume Mine in the Democratic Republic of Congo (DRC) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland. Its principal products and sources of sales are copper, nickel, zinc and lead concentrates. Its operating properties include Candelaria, Eagle, Neves-Corvo, Zinkgruvan and Tenke Fungurume. The Company's other property include Aguablanca Mine. Compania Contractual Minera Candelaria and Compania Contractual Minera Ojos del Salado (CCMO), collectively Candelaria, are located near Copiapo in the Atacama Province, Region III of Chile. The Eagle Mine consists of the Eagle underground mine, located approximately 50 kilometers northwest of Marquette, Michigan, United States and the Humboldt mill, located over 40 kilometers west of Marquette in Champion, Michigan.
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