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

Key Points

• Lundin Mining Co. has received a consensus rating of "Moderate Buy" from fourteen ratings firms, with five analysts recommending a hold, six a buy, and three a strong buy.
• The average 12-month price objective for Lundin Mining is C$16.25, with recent upgrades from analysts including Raymond James and National Bankshares.
• Insider transactions revealed that Nemesia S.a.r.l. acquired 900,000 shares at an average cost of C$14.10 each, totaling approximately C$12.69 million.

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$16.25.

LUN has been the subject of several research analyst reports. Morgan Stanley boosted their target price on shares of Lundin Mining from C$13.70 to C$14.50 in a research report on Wednesday, August 20th. Royal Bank Of Canada set a C$16.00 target price on shares of Lundin Mining and gave the stock a "sector perform" rating in a research note on Thursday, June 19th. Desjardins set a C$17.00 price target on shares of Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, June 19th. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a research report on Tuesday, June 17th. Finally, BMO Capital Markets upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th.

Insider Activity

In related news, insider Nemesia S.a.r.l. acquired 900,000 shares of the stock in a transaction dated Friday, June 13th. The shares were purchased at an average cost of C$14.10 per share, with a total value of C$12,690,000.00. 15.70% of the stock is currently owned by corporate insiders.

Lundin Mining Stock Performance

TSE:LUN traded up C$0.60 during mid-day trading on Tuesday, reaching C$16.47. The stock had a trading volume of 1,976,059 shares, compared to its average volume of 2,495,789. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$16.58. 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 market capitalization of C$14.10 billion, a price-to-earnings ratio of -549.00, a PEG ratio of -0.26 and a beta of 1.54. The business has a 50 day simple moving average of C$14.77 and a 200 day simple moving average of C$13.13.

Lundin Mining Company Profile

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.