Congo Cobalt Miner Lundin Mining Co. Lifted to "BUY" Lundin Mining Co. (LUNMF) Lifted to “Buy” at Zacks Investment Research
Lundin Mining Co. (NASDAQ:LUNMF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $4.50 price target on the stock. Zacks Investment Research’s price target indicates a potential upside of 17.93% from the company’s current price.
According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “
Shares of Lundin Mining (NASDAQ:LUNMF) traded down 1.8797% during midday trading on Wednesday, hitting $3.8159. The stock had a trading volume of 16,200 shares. The firm has a 50 day moving average of $3.91 and a 200-day moving average of $3.66. The company’s market cap is $2.75 billion. Lundin Mining has a one year low of $2.03 and a one year high of $4.45.
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Lundin Mining Company Profile
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 (DRCThe C) and in the Freeport Cobalt business, which includes a cobalt refinery located in Kokkola, Finland.
https://dailyquint.com/2016-10-17-lundin-mining-co-lunmf-lifted-to-buy-at-zacks-investment-research/