Lundin Mining Co. (TSE:LUN) Given Consensus Rating of "Moderate Buy" by Analysts

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.

Lundin Mining Co. (TSE:LUN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$18.52.

A number of analysts have recently weighed in on LUN shares. JPMorgan Chase & Co. downgraded shares of Lundin Mining from an "overweight" rating to a "neutral" rating and upped their price target for the stock from C$15.30 to C$15.60 in a report on Thursday, July 10th. TD Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price on the stock in a report on Tuesday, April 15th. UBS Group cut Lundin Mining from a "buy" rating to a "neutral" rating and lowered their price target for the stock from C$13.50 to C$13.00 in a report on Friday, May 2nd. Scotiabank raised their price objective on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. Finally, Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th.

Insider Activity

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 900,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was purchased at an average price of C$14.10 per share, for a total transaction 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 acquired at an average price of C$12.65 per share, for a total transaction of C$252,934.00. Insiders own 15.70% of the company's stock.

Lundin Mining Trading Up 10.5%

Shares of Lundin Mining stock opened at C$15.65 on Friday. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm has a 50-day moving average of C$14.09 and a 200-day moving average of C$12.65. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$15.67. The stock has a market cap of C$9.56 billion, a PE ratio of 31.06, a PEG ratio of -0.26 and a beta of 1.66.

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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