Brokerages Set Lundin Mining Co. (TSE:LUN) Price Target at C$15.78

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$15.85.

Several equities analysts recently commented on the company. TD Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target on the stock in a research report on Tuesday, April 15th. Royal Bank Of Canada set a C$16.00 price objective on shares of Lundin Mining and gave the company a "sector perform" rating in a research note on Thursday. Scotiabank lifted their price objective on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. BMO Capital Markets raised shares of Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Finally, UBS Group downgraded shares of Lundin Mining from a "buy" rating to a "neutral" rating and dropped their price target for the stock from C$13.50 to C$13.00 in a research note on Friday, May 2nd.

Lundin Mining Stock Down 1.0%

Shares of LUN traded down C$0.14 during midday trading on Thursday, reaching C$13.66. 4,695,413 shares of the company were exchanged, compared to its average volume of 2,676,580. The stock has a 50-day moving average price of C$12.58 and a 200-day moving average price of C$12.27. The company has a market cap of C$8.35 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$16.31.

Insider Activity at Lundin Mining

In other Lundin Mining news, Director Jack Oliver Lundin acquired 20,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Insiders bought a total of 3,070,000 shares of company stock valued at $37,265,934 over the last three months. 15.70% of the stock is owned by 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.