TD Securities analyst Craig Hutchison resumed coverage of Lundin Mining (LUNMF) with a Hold rating and C$13 price target The firm sees limited share upside but says that with its balance sheet shored up by the pending sale of its European assets and the formation of the Vicuna joint venture, Lundin is transforming into a large cap copper pure play with district-scale growth projects in its pipeline.
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Read More on LUNMF:
- Lundin Mining Updates Share Capital Following Strategic Acquisition
- Lundin Mining Faces Fine and Mine Closure Over 2022 Sinkhole Incident
- Lundin Mining resumed with an Equal Weight at Morgan Stanley
- Lundin Mining Reports Factors Impacting 2024 Financial Results
- Lundin Mining price target lowered to C$16 from C$17.50 at Stifel