RBC Capital reiterated their outperform rating on shares of Lundin Mining Co. (TSE:LUN) in a report released on Friday morning, Market Beat Ratings reports.

In related news, Director Catherine Jean Garrett Stefan purchased 30,000 shares of Lundin Mining stock in a transaction that occurred on Wednesday, December 9th. The stock was bought at an average price of C$3.51 per share, for a total transaction of C$105,216.00.

Lundin Mining (TSE:LUN) opened at 3.30 on Friday. The company has a market cap of $2.37 billion and a P/E ratio of 21.15. The stock has a 50 day moving average of $3.49 and a 200-day moving average of $4.07. Lundin Mining has a 12 month low of $2.98 and a 12 month high of $6.46.

A number of other research firms have also commented on LUN. Goldman Sachs upped their price objective on shares of Lundin Mining from C$4.50 to C$4.70 in a research note on Friday, October 9th. Dundee Securities reiterated a buy rating on shares of Lundin Mining in a research report on Wednesday, October 21st. Barclays dropped their target price on shares of Lundin Mining from C$7.00 to C$6.00 and set an overweight rating on the stock in a research report on Wednesday, October 28th. Canaccord Genuity boosted their target price on shares of Lundin Mining to C$5.75 and gave the company a buy rating in a research report on Monday, October 19th. Finally, Scotiabank set a C$6.00 target price on shares of Lundin Mining in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Lundin Mining currently has a consensus rating of Buy and an average price target of C$5.75.

Lundin Mining Corporation is a Canada-based mining company. The Company is engaged in mining, exploration and development of mineral properties, such as base metals, primarily in Chile, Portugal, Spain, Sweden, the United States and the Democratic Republic of the Congo (TSE:LUN). The Company’s wholly owned operating assets include the Neves-Corvo copper/zinc mine located in Portugal, the Zinkgruvan zinc/lead mine located in Sweden, the Aguablanca nickel/copper mine located in Spain and the Eagle nickel/copper mine located in the United States. The Company also holds 80% interest in the Candelaria and Ojos del Salado copper/gold mining complex located in Chile, and 24% equity accounted interests in the Tenke Fungurume copper/cobalt mine located in the Democratic Republic of Congo (DRC) and the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.

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