Lundin Mining Co. (TSE:LUN) had its price objective reduced by equities researchers at Laurentian from C$6.00 to C$5.00 in a research report issued to clients and investors on Tuesday, Market Beat Ratings reports. The firm presently has a “buy” rating on the mining company’s stock. Laurentian’s target price indicates a potential upside of 51.98% from the stock’s previous close.

Several other research firms have also recently issued reports on LUN. CIBC lowered their target price on shares of Lundin Mining from C$4.50 to C$4.00 in a research note on Friday, January 8th. Haywood Securities set a C$5.00 target price on shares of Lundin Mining and gave the company a “buy” rating in a research note on Tuesday, December 8th. lowered their target price on shares of Lundin Mining from C$6.75 to C$6.00 in a research note on Wednesday, October 21st. Canaccord Genuity increased their price objective on shares of Lundin Mining to C$5.75 and gave the stock a “buy” rating in a research note on Monday, October 19th. Finally, TD Securities lowered their price objective on shares of Lundin Mining from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Friday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$5.75.

Lundin Mining (TSE:LUN) traded up 4.43% during trading on Tuesday, reaching $3.30. 2,842,034 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $3.50 and its 200-day moving average is $4.09. Lundin Mining has a 12-month low of $2.98 and a 12-month high of $6.46. The company has a market cap of $2.37 billion and a P/E ratio of 21.15.

In other Lundin Mining news, Director Catherine Jean Garrett Stefan bought 30,000 shares of the firm’s stock in a transaction dated Wednesday, December 9th. The stock was acquired at an average cost of C$3.51 per share, for a total transaction of C$105,216.00.

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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