Lundin Mining (TSE:LUN) Given a C$16.00 Price Target by Royal Bank Of Canada Analysts

Lundin Mining (TSE:LUN - Get Free Report) received a C$16.00 price objective from equities research analysts at Royal Bank Of Canada in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the mining company's stock. Royal Bank Of Canada's price objective suggests a potential upside of 17.13% from the company's previous close.

Several other brokerages also recently weighed in on LUN. BMO Capital Markets raised shares of Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Morgan Stanley decreased their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. TD Securities raised shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target for the company in a research report on Tuesday, April 15th. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Finally, UBS Group cut shares of Lundin Mining from a "buy" rating to a "neutral" rating and lowered their target price for the stock from C$13.50 to C$13.00 in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$15.85.

Lundin Mining Stock Down 1.0%

LUN stock traded down C$0.14 during trading on Thursday, hitting C$13.66. 4,695,413 shares of the stock traded hands, compared to its average volume of 2,676,580. The firm's 50 day moving average is C$12.58 and its two-hundred day moving average is C$12.27. 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 stock has a market cap of C$8.35 billion, a price-to-earnings ratio of 27.11, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a 1 year low of C$8.94 and a 1 year high of C$16.31.

Insiders Place Their Bets

In related news, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was bought 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 the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of C$12.65 per share, for a total transaction of C$252,934.00. Insiders have acquired a total of 3,070,000 shares of company stock valued at $37,265,934 over the last 90 days. 15.70% of the stock is currently owned by insiders.

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.