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Lundin Mining (TSE:LUN) stock price target increased to $12.00, issued a report today by CIBC World Markets

Yesterday Lundin Mining (TSE:LUN) traded -1.14% lower at $8.64. The company’s 50-day moving average is $9.14 and its 200-day moving average is $7.91. The last closing price is up 9.20% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,751,208 shares of the stock traded hands, down from an average trading volume of 2,802,220

In a report released on 9/15/2017 CIBC World Markets increased the stock price target of Lundin Mining (TSE:LUN) to $12.00 indicating a possible upside of 0.39%.

Previously on Friday September 08, 2017, Berenberg Bank reported on Lundin Mining (TSE:LUN) increased the target price from $9.25 to $10.00. At the time, this indicated a possible upside of 0.13%.

See Chart Below

Lundin Mining (TSE:LUN)

Lundin Mining has a 52 week low of $4.97 and a 52 week high of $9.90 with a P/E ratio of 19.95 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its stock price target, a total of 20 brokers have issued a report on the company. The average stock price target is $6.15 with 5 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 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. Its geographical segments include Europe, Asia, South America and North America. It is engaged in producing copper, nickel and zinc. Its operating assets include the Eagle mine located in the United States, the Neves-Corvo mine located in Portugal and the Zinkgruvan mine located in Sweden. It also owns the Candelaria and Ojos del Salado mining complex (Candelaria) located in Chile. It holds an indirect equity interest in the Tenke Fungurume mine located in the DRC and the Freeport Cobalt Oy business (Freeport Cobalt), which includes a cobalt refinery located in Kokkola, Finland. It is engaged in drilling on the Elida porphyry project.

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