Lundin Mining (TSE:LUN) PT Set at C$16.00 by Royal Bank Of Canada

Lundin Mining (TSE:LUN - Get Free Report) received a C$16.00 price target from research analysts at Royal Bank Of Canada in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the mining company's stock. Royal Bank Of Canada's price target points to a potential upside of 16.28% from the company's previous close.

Other research analysts have also issued reports about the company. UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from C$13.50 to C$13.00 in a research report on Friday, May 2nd. Scotiabank raised their target price on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday. TD Securities upgraded Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price for the company in a report on Tuesday, April 15th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a report on Wednesday, March 19th. Finally, The Goldman Sachs Group set a C$16.60 price objective on shares of Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.85.

Lundin Mining Trading Down 1.9%

LUN traded down C$0.27 during midday trading on Thursday, hitting C$13.76. 351,834 shares of the company were exchanged, compared to its average volume of 2,656,556. The firm's 50 day moving average price is C$12.43 and its 200-day moving average price is C$12.29. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$16.31. The firm has a market capitalization of C$8.41 billion, a P/E ratio of 27.31, a P/E/G ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insider Transactions at Lundin Mining

In other Lundin Mining news, insider Nemesia S.a.r.l. bought 900,000 shares of the business's stock in a transaction dated Friday, June 13th. The shares were purchased 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 bought 150,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. Insiders acquired a total of 3,070,000 shares of company stock valued at $37,265,934 over the last three months. Corporate insiders own 15.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.