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Lundin Mining (LUNMF) Stock Forecast & Price Target

$10.27
-0.69 (-6.30%)
(As of 07/18/2024 ET)

Lundin Mining - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 6 Wall Street analysts who have issued ratings for Lundin Mining in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 1 has given a sell rating, 2 have given a hold rating, and 3 have given a buy rating for LUNMF.

Consensus Price Target

$11.83
15.22% Upside
High Forecast$16.00
Average Forecast$11.83
Low Forecast$8.00

According to the 6 analysts' twelve-month price targets for Lundin Mining, the average price target is $11.83. The highest price target for LUNMF is $16.00, while the lowest price target for LUNMF is $8.00. The average price target represents a forecasted upside of 15.22% from the current price of $10.27.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
6 Buy rating(s)
Hold
2 Hold rating(s)
1 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$11.83$11.83$11.83$8.75
Forecasted Upside15.22% Upside33.98% Upside36.37% Upside31.11% Upside
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LUNMF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LUNMF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Lundin Mining Stock vs. The Competition

TypeLundin MiningBasic Materials CompaniesS&P 500
Consensus Rating Score
2.33
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside7.97% Upside375.46% Upside7.90% Upside
News Sentiment RatingPositive News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/15/2024Scotiabank
5 of 5 stars
O. Wowkodaw
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UpgradeHold
3/27/2024BMO Capital Markets
3 of 5 stars
 UpgradeMarket Perform ➝ Outperform$12.00 ➝ $16.00+65.46%
3/20/2024Raymond James
4 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$9.50 ➝ $11.50+19.09%
10/12/2023JPMorgan Chase & Co.
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 DowngradeNeutral ➝ Underweight$8.40 ➝ $8.00+11.58%
9/29/2023Jefferies Financial Group
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 Initiated CoverageBuy
9/5/2023Handelsbanken
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 Initiated CoverageOutperform
8/21/2023Credit Suisse Group
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 Lower TargetC$12.00 ➝ C$11.00
8/4/2023National Bank Financial
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 Boost TargetC$11.00 ➝ C$11.50
8/3/2023CIBC
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 Boost TargetC$10.50 ➝ C$12.50
7/7/2023Barclays
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 Lower TargetC$11.00 ➝ C$10.00
6/14/2023UBS Group
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 UpgradeNeutral ➝ Buy
6/2/2023TD Securities
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 UpgradeHold ➝ Buy
5/18/2023Stifel Nicolaus
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 Initiated CoverageBuy
5/5/2023Royal Bank of Canada
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 Boost TargetC$11.00 ➝ C$12.00
4/14/2023Canaccord Genuity Group
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 UpgradeHold ➝ Buy
2/28/2023Pareto Securities
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 UpgradeHold ➝ Buy
2/3/2023Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight
1/13/2023National Bankshares
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Shane Nagle
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DowngradeSell$8.75+26.08%
11/23/2022Deutsche Bank Aktiengesellschaft
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 Boost TargetSEK 64 ➝ SEK 65

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:06 PM ET.

LUNMF Forecast - Frequently Asked Questions

What is Lundin Mining's forecast for 2024?

According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Lundin Mining is $11.83, with a high forecast of $16.00 and a low forecast of $8.00.

Should I buy or sell Lundin Mining stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lundin Mining in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LUNMF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LUNMF, but not buy additional shares or sell existing shares.

Does Lundin Mining's stock price have much upside?

According to analysts, Lundin Mining's stock has a predicted upside of 33.98% based on their 12-month stock forecasts.

Has Lundin Mining been upgraded by Wall Street analysts recently?

Over the previous 90 days, Lundin Mining's stock had 1 upgrade by analysts.

What analysts cover Lundin Mining?

Lundin Mining has been rated by research analysts at Scotiabank in the past 90 days.

Do Wall Street analysts like Lundin Mining more than its competitors?

Analysts like Lundin Mining less than other "basic materials" companies. The consensus rating for Lundin Mining is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how LUNMF compares to other companies.


This page (OTCMKTS:LUNMF) was last updated on 7/18/2024 by MarketBeat.com Staff

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