BMO Capital analyst Matthew Murphy initiated coverage of Lundin Mining (LUNMF) with an Outperform rating and C$16 price target The company has streamlined into a “clean South American copper growth story,” the analyst tells investors in a research note. The firm says the stock’s valuation is underpinned by three significant copper mines with exploration upside.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNMF:
- Buy Rating for Lundin Mining Driven by Strategic Focus on High-Return Vicuna Project and Attractive Valuation
- Lundin Mining Updates Share Capital and Buyback Progress
- Lundin Mining Releases 2024 Sustainability Report Highlighting Key Achievements
- Lundin Mining price target raised to SEK 87 from SEK 83 at Morgan Stanley
- Lundin Mining price target raised to C$14.50 from C$14 at Scotiabank