BMO Capital analyst Jackie Przybylowski lowered the firm’s price target on Lundin Mining to C$12.50 from C$13 and keeps a Market Perform rating on the shares. The firm notes Lundin Mining’s Q4 and 2023 actual production volumes were consistent with previous guidance and its/consensus expectations as operations continue to perform well. Revised three-year production guidance and maiden 2024 cost guidance was also in line with expectations, except for a lower spend at Josemaria vs. BMO’s previous expectations.
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Read More on LUNMF:
- Lundin Mining Provides 2024 Guidance & Announces 2023 Production Results
- Lundin Mining downgraded to Hold from Buy at Canaccord
- Lundin Mining price target lowered to SEK 84 from SEK 90 at Deutsche Bank
- Lundin Mining price target raised to C$13 from C$12 at National Bank
- Lundin Mining price target raised by C$0.50 at CIBC
