Lundin Mining Co. (TSE:LUN) had its price target hoisted by stock analysts at Scotiabank from C$5.25 to C$5.50 in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports. The firm currently has a “focus stock” rating on the mining company’s stock. Scotiabank’s target price suggests a potential upside of 67.17% from the stock’s current price.

In related news, Director Catherine Jean Garrett Stefan bought 30,000 shares of the company’s stock in a transaction on Wednesday, December 9th. The stock was bought at an average cost of C$3.51 per share, with a total value of C$105,216.00.

Several other equities analysts also recently issued reports on LUN. CIBC decreased their price objective on shares of Lundin Mining from C$5.50 to C$4.50 in a research note on Friday, October 2nd. BMO Capital Markets decreased their price objective on shares of Lundin Mining from C$5.00 to C$4.50 in a research note on Wednesday, October 7th. 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. Canaccord Genuity upped their price objective on shares of Lundin Mining to C$5.75 and gave the company a “buy” rating in a research note on Monday, October 19th. Finally, decreased their target price on shares of Lundin Mining from C$6.75 to C$6.00 in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$5.79.

Lundin Mining (TSE:LUN) traded down 4.26% during midday trading on Monday, reaching $3.15. The company’s stock had a trading volume of 1,536,347 shares. The firm has a market capitalization of $2.27 billion and a P/E ratio of 20.19. Lundin Mining has a 52 week low of $2.98 and a 52 week high of $6.46. The company’s 50-day moving average is $3.52 and its 200 day moving average is $4.11.

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.

Receive News & Ratings for Lundin Mining Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Mining Co. and related companies with MarketBeat.com's FREE daily email newsletter.