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Scotia Capital announced Lundin Mining (TSE:LUN), bumping up its stock price target to $6.25 today

Just yesterday Lundin Mining (TSE:LUN) traded -0.76% lower at $5.21. Lundin Mining’s 50-day moving average is $5.24 and its 200-day moving average is $4.68. The last closing price is up 11.57% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 664,058 shares of LUN traded hands, down from an average trading volume of 1,958,130

In a report released on Thursday September 29, 2016 Scotia Capital increased the stock price target of Lundin Mining (TSE:LUN) to $6.25 reporting a possible upside of 0.20%.

Previously on 9/13/2016, Scotia Capital reported on Lundin Mining (TSE:LUN) increased the target price from $0.00 to $6.25. At the time, this indicated a possible upside of 0.27%.

Recent Performance Chart

Lundin Mining (TSE:LUN)

Lundin Mining has 52 week low of $2.98 and a 52 week high of $5.78 and has a market capitalization of $0.

Also covering Lundin Mining's price target, a total of 23 analysts have released a research note on LUN. The average stock price target is $4.75 with 6 firms rating the stock a strong buy, 11 equity analysts rating the company a buy, 6 brokerages rating the stock a hold, one analyst rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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