Deutsche Bank Believes Lundin Mining (Other OTC: LUNMF) Won’t Stop Here

In a report issued on April 29, Abhinandan Agarwal from Deutsche Bank maintained a Buy rating on Lundin Mining (LUNMFResearch Report). The company’s shares closed last Friday at $12.04, close to its 52-week high of $13.11.

Agarwal has an average return of 35.2% when recommending Lundin Mining.

According to TipRanks.com, Agarwal is ranked #4787 out of 7490 analysts.

Lundin Mining has an analyst consensus of Hold, with a price target consensus of $12.29, representing a -1.1% downside. In a report issued on April 14, Goldman Sachs also maintained a Buy rating on the stock with a C$20.00 price target.

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The company has a one-year high of $13.11 and a one-year low of $4.05. Currently, Lundin Mining has an average volume of 109.1K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUNMF in relation to earlier this year.

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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.