Lundin Mining (TSE:LUN - Get Free Report) has been assigned a C$16.00 price target by equities research analysts at Royal Bank Of Canada in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the mining company's stock. Royal Bank Of Canada's price objective indicates a potential upside of 17.13% from the company's previous close.
Other analysts have also recently issued research reports about the stock. Scotiabank upped their target price on shares of Lundin Mining from C$14.50 to C$16.00 in a research note on Monday. Morgan Stanley dropped their target price on Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. 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 research report on Friday, May 2nd. National Bankshares cut 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 report on Wednesday, April 16th. Finally, Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Four investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.85.
Check Out Our Latest Research Report on Lundin Mining
Lundin Mining Stock Performance
TSE LUN traded down C$0.14 during midday trading on Thursday, hitting C$13.66. The company had a trading volume of 4,695,413 shares, compared to its average volume of 2,676,580. The firm has a fifty day simple moving average of C$12.51 and a two-hundred day simple moving average of C$12.29. Lundin Mining has a fifty-two week low of C$8.94 and a fifty-two week high of C$16.31. 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 has a market cap of C$8.35 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of -0.26 and a beta of 1.66.
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 Adam Ian Lundin acquired 150,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was purchased at an average price of C$10.82 per share, with a total value of C$1,623,000.00. Over the last quarter, insiders have bought 3,070,000 shares of company stock valued at $37,265,934. 15.70% of the stock is currently owned by insiders.
About Lundin Mining
(
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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.
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