Jefferies initiated coverage of Lundin Mining with a Buy rating and C$13 price target. The analyst says the company has operational upside, organic growth, and significant leverage to copper, which should be a positive over the next five years. Lundin is also likely to benefit from the development of what will be a major copper mining district in Argentina, and it could ultimately be involved in industry consolidation, the analyst tells investors in a research note.
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Read More on LUNMF:
- Lundin Mining initiated with an Outperform at Handelsbanken
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- Lundin Mining price target raised to C$11.50 from C$11 at National Bank
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