Zacks Investment Research upgraded shares of Lundin Mining Co. (OTCMKTS:LUNMF) from a hold rating to a strong-buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $9.00 price objective on the stock.
According to Zacks, “LUNDIN MINING CORPORATION is a rapidly growing, diversified base metals mining company with operations in Portugal, Spain, Sweden and Ireland. The Company currently has six mines in operation producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes the world class Tenke Fungurume copper cobalt project in the Democratic Republic of Congo and the Ozernoe zinc project in Russia. The Company holds an extensive exploration portfolio and interests in international mining and exploration ventures. “
Separately, ValuEngine upgraded shares of Lundin Mining from a hold rating to a buy rating in a report on Friday, September 1st.
Shares of Lundin Mining (OTCMKTS:LUNMF) opened at $7.81 on Wednesday. Lundin Mining has a 1-year low of $4.47 and a 1-year high of $8.09.
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About Lundin Mining
Lundin Mining Corporation is a diversified base metals mining company. The Company is engaged in mining, exploration and development of mineral properties, primarily in Chile, the United States, Portugal, Sweden and the Democratic Republic of Congo (DRC). Its segments include Candeleria, Eagle, Neves-Corvo, Zinkgruvan, Tenke Fungurume and Other.
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