Lundin Mining Co. (TSE:LUN) Insider Buys C$12,690,000.00 in Stock

Lundin Mining Co. (TSE:LUN - Get Free Report) insider Nemesia S.a.r.l. purchased 900,000 shares of the company's stock in a transaction on Friday, June 13th. The shares were purchased at an average price of C$14.10 per share, for a total transaction 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. bought 2,000,000 shares of Lundin Mining stock. The shares were acquired at an average cost of C$11.35 per share, with a total value of C$22,700,000.00.

Lundin Mining Trading Down 1.6%

TSE:LUN traded down C$0.23 during trading hours on Thursday, hitting C$13.80. The company had a trading volume of 686,508 shares, compared to its average volume of 2,659,471. Lundin Mining Co. has a 1 year low of C$8.94 and a 1 year high of C$16.31. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company has a 50-day moving average of C$12.51 and a 200 day moving average of C$12.29. The company has a market cap of C$8.43 billion, a P/E ratio of 27.39, a P/E/G ratio of -0.26 and a beta of 1.66.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LUN. Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the company a "sector perform" rating in a report on Thursday. Desjardins set a C$17.00 target price on shares of Lundin Mining and gave the company a "buy" rating in a report on Thursday. National Bankshares lowered their price target on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets upgraded Lundin Mining to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Scotiabank increased their price target on Lundin Mining from C$14.50 to C$16.00 in a research report on Monday. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$15.85.

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.