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CIBC World Markets disclosed Lundin Mining (TSE:LUN), hiking its price target to $7.00 earlier today

Just yesterday Lundin Mining (TSE:LUN) traded 4.55% higher at $6.92. LUN’s 50-day average is $5.76 and its two hundred day average is $5.12. With the last close up 34.58% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 1,815,055 shares of Lundin Mining exchanged hands, down from an average trading volume of 2,277,540

Stating a possible upside of 0.01%, CIBC World Markets raised the target price of Lundin Mining (TSE:LUN) to $7.00

Previously on 11/28/2016, Scotia Capital reported about Lundin Mining (TSE:LUN) raised the target price from $0.00 to $6.75. At the time, this indicated a possible downside of -0.03%.

See Chart Below

Lundin Mining (TSE:LUN)

Lundin Mining has a 52 week low of $2.98 and a 52 week high of $7.07 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its stock price target, a total of 21 brokers have issued a report on the company. The average stock price target is $5.15 with 6 brokers rating the stock a strong buy, 10 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information 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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