Goldman Sachs analyst Matt Greene initiated coverage of Lundin Mining (LUNMF) with a Buy rating and C$16.60 price target The company’s transition to a pure-play copper miner, following the announced sale of the Neves-Corvo and Zinkgruvan mines, positions it as a “stronger vehicle for copper price leverage,” the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUNMF:
- Lundin Mining: Strategic Shift to Copper and Growth Prospects with Vicuña Project
- Lundin Mining Secures Option for Major Stake in Michigan Exploration Properties
- Lundin Mining Updates Share Capital and Buyback Status
- Lundin Mining downgraded to Reduce from Buy at Veritas
- Lundin Mining price target raised to SEK 124 from SEK 121 at JPMorgan