Analysts Set Lundin Mining Co. (TSE:LUN) Target Price at C$18.52

Key Points

• Lundin Mining Co. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of C$18.52.
• Recent changes in ratings include upgrades from TD Securities and Canaccord Genuity Group, while JPMorgan Chase and UBS Group have downgraded their recommendations.
• Insider trading activity shows significant purchases, including 900,000 shares bought by Nemesia S.a.r.l., indicating potential confidence in the company's future.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$18.90.

LUN has been the subject of a number of recent analyst reports. Desjardins set a C$17.00 target price on Lundin Mining and gave the company a "buy" rating in a report on Thursday, June 19th. JPMorgan Chase & Co. lowered shares of Lundin Mining from an "overweight" rating to a "neutral" rating and upped their target price for the stock from C$15.30 to C$15.60 in a research report on Thursday, July 10th. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. Raymond James Financial increased their price target on shares of Lundin Mining from C$43.00 to C$53.00 in a research report on Tuesday, July 29th. Finally, National Bankshares boosted their target price on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th.

Lundin Mining Stock Performance

LUN traded down C$0.31 on Friday, reaching C$15.61. The company had a trading volume of 198,582 shares, compared to its average volume of 2,576,312. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The stock has a market capitalization of C$9.54 billion, a PE ratio of 30.98, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$15.99. The stock has a 50-day moving average price of C$14.15 and a 200-day moving average price of C$12.68.

Insiders Place Their Bets

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 900,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were acquired at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin purchased 20,000 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. 15.70% of the stock is owned by company insiders.

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.