Jack Oliver Lundin Purchases 20,000 Shares of Lundin Mining Co. (TSE:LUN) Stock

Lundin Mining Co. (TSE:LUN - Get Free Report) Director Jack Oliver Lundin acquired 20,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of C$12.65 per share, with a total value of C$252,934.00.

Lundin Mining Stock Performance

Shares of LUN opened at C$12.51 on Friday. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a 50-day moving average of C$11.58 and a 200-day moving average of C$12.30. The company has a market cap of C$7.64 billion, a PE ratio of 24.83, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining Co. has a one year low of C$8.94 and a one year high of C$17.20.

Analyst Upgrades and Downgrades

LUN has been the subject of several research analyst reports. National Bankshares lowered their price objective on Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Desjardins raised Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Morgan Stanley lowered their price objective on Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Lundin Mining currently has a consensus rating of "Moderate Buy" and an average target price of C$15.65.

About Lundin Mining

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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