Lundin Mining price target raised to C$19 from C$18.25 at UBS

UBS analyst Daniel Major raised the firm’s price target on Lundin Mining to C$19 from C$18.25 and keeps a Buy rating on the shares. The firm expects the performance of key commodities to diverge again over the next 12 months, with iron ore, nickel and lithium to remain under pressure from lifting supply, while copper, aluminium and met-coal are supported by constrained supply and a recovery in demand.