Lundin Mining (TSE:LUN) PT Set at C$17.00 by Desjardins

Lundin Mining (TSE:LUN - Get Free Report) has been assigned a C$17.00 target price by research analysts at Desjardins in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the mining company's stock. Desjardins' target price would indicate a potential upside of 23.55% from the stock's previous close.

Several other research analysts have also recently issued reports on the stock. UBS Group cut shares of Lundin Mining from a "buy" rating to a "neutral" rating and cut their price target for the stock from C$13.50 to C$13.00 in a report on Friday, May 2nd. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. TD Securities upgraded Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target on the stock in a research note on Tuesday, April 15th. National Bankshares cut their price objective on Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Morgan Stanley reduced their target price on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus price target of C$15.85.

Lundin Mining Stock Performance

Lundin Mining stock traded down C$0.27 during trading hours on Thursday, reaching C$13.76. 351,834 shares of the stock were exchanged, compared to its average volume of 2,656,556. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$16.31. The stock has a market cap 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 debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40. The firm's 50 day moving average is C$12.43 and its 200 day moving average is C$12.29.

Insider Buying and Selling at Lundin Mining

In other news, insider Nemesia S.a.r.l. acquired 900,000 shares of Lundin Mining stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Adam Ian Lundin bought 150,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was purchased at an average cost of C$10.82 per share, with a total value of C$1,623,000.00. In the last 90 days, insiders have purchased 3,070,000 shares of company stock worth $37,265,934. 15.70% of the stock is owned by insiders.

Lundin Mining Company Profile

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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