PowerShares S&P SmallCap Consumer Staples Portfolio (PSCC) Is At $69.96 Formed Wedge; 5 Analysts Are Bullish Lundin Mining (TSE:LUN) Last Week

April 25, 2018 - By John Hoffman

Lundin Mining Corporation (TSE:LUN) Logo

PowerShares S&P SmallCap Consumer Staples Portfolio (PSCC) formed wedge up with $73.46 target or 5.00% above today’s $69.96 share price. PowerShares S&P SmallCap Consumer Staples Portfolio (PSCC) has $49.00 million valuation. The stock increased 0.30% or $0.21 during the last trading session, reaching $69.96. About 6,789 shares traded or 73.72% up from the average. PowerShares S&P SmallCap Consumer Staples Portfolio (NASDAQ:PSCC) has risen 3.18% since April 25, 2017 and is uptrending. It has underperformed by 8.37% the S&P500.

Among 8 analysts covering Lundin Mining Corporation (TSE:LUN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Lundin Mining Corporation had 79 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James downgraded Lundin Mining Corporation (TSE:LUN) rating on Friday, December 4. Raymond James has “Market Perform” rating and $4.50 target. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, December 1. The firm has “Outperform” rating given on Thursday, April 13 by Credit Suisse. The firm earned “Buy” rating on Monday, January 16 by TD Securities. The firm has “Buy” rating given on Thursday, August 17 by Eight Capital. The firm earned “Buy” rating on Wednesday, November 16 by Goldman Sachs. The firm has “Outperform” rating given on Monday, October 24 by RBC Capital Markets. RBC Capital Markets maintained Lundin Mining Corporation (TSE:LUN) on Thursday, December 1 with “Outperform” rating. RBC Capital Markets maintained the shares of LUN in report on Friday, January 22 with “Outperform” rating. Scotia Capital maintained Lundin Mining Corporation (TSE:LUN) on Monday, January 23 with “Focus Stock” rating. See Lundin Mining Corporation (TSE:LUN) latest ratings:

05/12/2017 Broker: Morgan Stanley Rating: Old Target: $7.20 New Target: $6.10 Target Down
01/12/2017 Broker: IBC Rating: Old Target: $12.00 New Target: $10.00 Target Down
01/12/2017 Broker: Eight Capital Rating: Old Target: $12.00 New Target: $11.00 Target Down
01/12/2017 Broker: National Bank Canada Rating: Sector Perform Old Target: $11.50 New Target: $9.75 Target Up
01/12/2017 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Old Target: $10.00 New Target: $8.50 Downgrade

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, Sweden, Spain, and the Democratic Republic of Congo . The company has market cap of $6.09 billion. It produces copper, nickel, and zinc, as well as gold, lead, silver, and other metals. It has a 14.24 P/E ratio. The companyÂ’s wholly-owned operating assets include the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden.

The stock decreased 0.24% or $0.02 during the last trading session, reaching $8.33. About 2.63 million shares traded or 1.52% up from the average. Lundin Mining Corporation (TSE:LUN) has 0.00% since April 25, 2017 and is . It has underperformed by 11.55% the S&P500.