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

Lundin Mining Co. (TSE:LUN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are covering the stock, Marketbeat reports. Four research 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$15.65.

A number of research firms have recently commented on LUN. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. National Bankshares dropped 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 research note on Wednesday, April 16th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price objective for the company in a research note on Tuesday, April 15th. Scotiabank lifted their target price on shares of Lundin Mining from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Finally, Morgan Stanley cut their price target on shares of Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th.

Insider Activity

In other Lundin Mining news, Director Jack Oliver Lundin purchased 20,000 shares of Lundin Mining stock in a transaction dated Thursday, May 22nd. The stock was purchased 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 company's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average cost of C$10.82 per share, for a total transaction of C$1,623,000.00. Insiders have bought 2,170,000 shares of company stock valued at $24,575,934 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Lundin Mining Stock Up 0.3%

LUN stock traded up C$0.04 on Friday, reaching C$13.44. 2,624,774 shares of the company traded hands, compared to its average volume of 2,658,784. The firm has a fifty day simple moving average of C$11.58 and a 200-day simple moving average of C$12.27. The company has a market cap of C$8.21 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a one year low of C$8.94 and a one year high of C$17.20. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90.

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.