Insider Buying: Lundin Mining Co. (TSE:LUN) Insider Acquires 900,000 Shares of Stock

Lundin Mining Co. (TSE:LUN - Get Free Report) insider Nemesia S.a.r.l. bought 900,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was purchased at an average price of C$14.10 per share, with a total value of C$12,690,000.00.

Nemesia S.a.r.l. also recently made the following trade(s):

• On Thursday, April 3rd, Nemesia S.a.r.l. purchased 2,000,000 shares of Lundin Mining stock. The shares were purchased at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00.

Lundin Mining Stock Up 2.2%

Shares of TSE LUN traded up C$0.31 during trading hours on Monday, hitting C$14.22. The stock had a trading volume of 657,151 shares, compared to its average volume of 2,655,597. The firm's 50-day moving average price is C$12.19 and its two-hundred day moving average price is C$12.27. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. Lundin Mining Co. has a 52 week low of C$8.94 and a 52 week high of C$16.31. The company has a market capitalization of C$8.69 billion, a P/E ratio of 28.22, a P/E/G ratio of -0.26 and a beta of 1.66.

Wall Street Analysts Forecast Growth

LUN has been the topic of several research analyst reports. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price objective on the stock in a research report on Tuesday, April 15th. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Scotiabank lifted their price target on Lundin Mining from C$13.00 to C$14.00 and gave the company an "outperform" rating in a report on Monday, May 5th. National Bankshares dropped their price target on Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from C$13.50 to C$13.00 in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$15.65.

Lundin Mining Company Profile

Lundin Mining Corp is a diversified Canadian base metals mining company with operations in Brazil Chile Portugal Sweden and the United States of America producing copper zinc gold and nickel. Its material mineral properties include Candelaria Chapada Eagle and Neves-Corvo.

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