Lundin Mining Received its Third Buy in a Row

By Carrie Williams

Lundin Mining (TSX: LUN), has been popular among analysts lately as another research firm gave the stock a Buy rating yesterday. The company received a Buy rating from GMP FirstEnergy’s analyst Ian Parkinson, with a C$10 price target.

Parkinson has an average return of 48.3% when recommending Lundin Mining.

According to TipRanks.com, Parkinson is ranked #126 out of 4561 analysts.

Currently, the analyst consensus on Lundin Mining is Strong Buy and the average price target is C$10, representing a 35.3% upside.

In a report issued on May 5, Credit Suisse also maintained a Buy rating on the stock with a C$10 price target.

Lundin Mining’s market cap is currently C$5.37B and has a P/E ratio of 0.

Lundin Mining Corp. is a metals mining company with operations and development projects in Chile, Portugal, Sweden and Spain and the U.S., producing copper, zinc, lead and nickel. Its projects include Neves Corvo, Zinkgruvan, Aguablanca, Galmoy and Tenke Fungurume and Eagle. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada.

The company’s shares closed last Wednesday at $7.39.