Lundin Mining Co. (TSE:LUN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$15.88.
A number of brokerages have recently commented on LUN. National Bankshares decreased their price target on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. Jefferies Financial Group dropped their price target on Lundin Mining from C$20.00 to C$16.00 in a research note on Monday, January 6th. Scotiabank increased their price objective on Lundin Mining from C$13.00 to C$14.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Raymond James dropped their target price on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research report on Thursday, January 16th.
Read Our Latest Stock Analysis on LUN
Lundin Mining Price Performance
Shares of TSE LUN traded down C$0.18 during midday trading on Wednesday, hitting C$11.49. 3,271,394 shares of the company's stock were exchanged, compared to its average volume of 2,710,203. The business's fifty day moving average price is C$11.55 and its two-hundred day moving average price is C$12.45. The company has a market cap of C$7.02 billion, a price-to-earnings ratio of 22.80, a PEG 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 12-month low of C$8.94 and a 12-month high of C$17.97.
Insider Buying and Selling
In related news, insider Nemesia S.a.r.l. acquired 2,000,000 shares of Lundin Mining stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of C$11.35 per share, with a total value of C$22,700,000.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of C$10.82 per share, with a total value of C$1,623,000.00. 15.70% of the stock is owned by company insiders.
Lundin Mining Company Profile
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Get Free ReportLundin 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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