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

Lundin Mining Co. (TSE:LUN - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$15.76.

Several equities analysts have issued reports on the company. UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and dropped their price target for the company from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Desjardins set a C$17.00 price target on Lundin Mining and gave the company a "buy" rating in a research note on Thursday, June 19th. Raymond James Financial raised Lundin Mining to a "hold" rating in a research note on Monday, June 30th. BMO Capital Markets raised Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Scotiabank boosted their price target on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th.

Insider Buying and Selling at Lundin Mining

In related news, insider Nemesia S.a.r.l. purchased 900,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was acquired 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 purchased 20,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of C$12.65 per share, with a total value of C$252,934.00. Corporate insiders own 15.70% of the company's stock.

Lundin Mining Trading Up 0.4%

LUN traded up C$0.05 during trading on Monday, hitting C$13.69. The company's stock had a trading volume of 2,595,916 shares, compared to its average volume of 2,624,890. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$15.36. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The stock's fifty day moving average price is C$13.68 and its 200-day moving average price is C$12.48. The firm has a market capitalization of C$8.37 billion, a P/E ratio of 27.17, a PEG ratio of -0.26 and a beta of 1.66.

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.