Lundin Mining Co. (TSE:LUN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$16.02.

A number of analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. National Bankshares lowered their price objective on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. 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 research report on Tuesday, April 15th. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. Finally, Morgan Stanley dropped their price target on Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th.

Lundin Mining Stock Down 0.3 %

Shares of LUN stock opened at C$11.71 on Wednesday. The stock's fifty day moving average price is C$11.58 and its 200 day moving average price is C$12.53. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$17.97. The company has a market cap of C$7.16 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

Insider Transactions at Lundin Mining

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 2,000,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. Also, Director Adam Ian Lundin purchased 150,000 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Corporate insiders own 15.70% of the company's stock.

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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