Why This Lundin Mining Analyst Is Turning Bullish
Portfolio Pulse from Priya Nigam
Lundin Mining Corp (OTC:LUNMF) shares rose after BMO Capital Markets upgraded the stock from Market Perform to Outperform and raised the price target from CA$12 ($8.83) to CA$16 ($11.78). The upgrade is based on Lundin Mining's strong cash flows, stable operations, and leverage to copper prices. The company's recent acquisitions and the development of major growth projects are expected to provide growth optionality and further leverage to copper prices.
March 27, 2024 | 4:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lundin Mining Corp's stock was upgraded by BMO Capital Markets to Outperform with a raised price target, indicating strong near-term cash flows and long-term growth potential.
The upgrade by BMO Capital Markets is a strong positive signal for Lundin Mining, reflecting confidence in the company's financial health and growth prospects. The raised price target suggests an expected increase in stock value, driven by strong cash flows, stable operations, and strategic acquisitions that provide growth optionality and leverage to copper prices.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100