J.P. Morgan Thinks Lundin Mining’s Stock is Going to Recover
J.P. Morgan analyst Patrick Jones maintained a Buy rating on Lundin Mining (LUNMF – Research Report) yesterday and set a price target of C$12.60. The companys shares closed last Friday at $6.39, close to its 52-week low of $6.11.
According to TipRanks.com, Jones is ranked #7182 out of 7904 analysts.
Currently, the analyst consensus on Lundin Mining is a Moderate Buy with an average price target of $10.36.
See the top stocks recommended by analysts >> Lundin Minings market cap is currently $4.93B and has a P/E ratio of 4.75. Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LUNMF in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Lundin Mining Corp. is a metal based company, which engages in mining, exploration and development of mineral properties, primarily in Chile, USA, Portugal and Sweden. It holds interest in the projects: Candelaria, Eagle, Neves-Corvo, and Zinkgruvan. The company was founded on September 9, 1994 and is headquartered in Toronto, Canada. Read More on LUNMF:
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