Zacks Investment Research upgraded shares of Lundin Mining Co. (NASDAQ:LUNMF) from a hold rating to a buy rating in a research note released on Tuesday. They currently have $7.00 target price on the stock.
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) opened at 5.71 on Tuesday. The company has a 50 day moving average price of $5.26 and a 200-day moving average price of $4.38. The stock’s market cap is $4.11 billion. Lundin Mining has a one year low of $2.15 and a one year high of $6.30.
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.