Lundin Mining Co. (TSE:LUN) Receives C$15.65 Average Price Target from Analysts

Lundin Mining Co. (TSE:LUN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$15.65.

A number of analysts have recently commented on the stock. UBS Group cut shares of Lundin Mining from a "buy" rating to a "neutral" rating and dropped their target price for the company from C$13.50 to C$13.00 in a report on Friday, May 2nd. National Bankshares dropped their target price 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 shares of Lundin Mining to a "moderate buy" rating in a research note on Thursday, April 3rd. The Goldman Sachs Group set a C$16.60 price target on shares of Lundin Mining and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, Stifel Nicolaus dropped their price target on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating on the stock in a research note on Thursday, January 30th.

Insiders Place Their Bets

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 2,000,000 shares of Lundin Mining stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of C$11.35 per share, with a total value of C$22,700,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of Lundin Mining stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of C$12.65 per share, with a total value of C$252,934.00. Over the last quarter, insiders purchased 2,170,000 shares of company stock valued at $24,575,934. Insiders own 15.70% of the company's stock.

Lundin Mining Trading Down 0.2%

Lundin Mining stock traded down C$0.02 during mid-day trading on Friday, reaching C$13.16. 1,775,301 shares of the company traded hands, compared to its average volume of 2,645,204. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The firm's 50 day moving average price is C$11.61 and its 200 day moving average price is C$12.28. The firm has a market capitalization of C$8.04 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$16.73.

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.