Lundin Mining Co. (TSE:LUN) Receives C$15.76 Average PT from Brokerages

Shares of Lundin Mining Co. (TSE:LUN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$15.76.

LUN has been the topic of several recent research reports. TD Securities raised shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price on the stock in a research note on Tuesday, April 15th. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Desjardins set a C$17.00 target price on shares of Lundin Mining and gave the stock a "buy" rating in a research note on Thursday, June 19th. Canaccord Genuity Group upgraded Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, BMO Capital Markets upgraded Lundin Mining to a "strong-buy" rating in a report on Friday, June 6th.

Insider Buying and Selling

In other news, insider Nemesia S.a.r.l. acquired 900,000 shares of Lundin Mining stock in a transaction on Friday, June 13th. The stock was bought at an average price of C$14.10 per share, for a total transaction of C$12,690,000.00. Also, Director Jack Oliver Lundin acquired 20,000 shares of Lundin Mining stock in a transaction on 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. 15.70% of the stock is currently owned by insiders.

Lundin Mining Stock Performance

Lundin Mining stock remained flat at C$13.85 during trading on Monday. 1,608,537 shares of the company were exchanged, compared to its average volume of 2,635,593. The company has a fifty day moving average of C$13.52 and a 200-day moving average of C$12.44. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$16.08. The company has a market capitalization of C$8.46 billion, a price-to-earnings ratio of 27.49, a PEG 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.

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.