Desjardins set a C$17.00 price target on Lundin Mining (TSE:LUN - Free Report) in a research note released on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the mining company's stock.
Other analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Lundin Mining to a "strong-buy" rating in a research report on Friday, June 6th. Morgan Stanley cut their price objective on shares of Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group set a C$16.60 target price on shares of Lundin Mining and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, National Bankshares dropped their price objective on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating for the company in a research note on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$15.85.
View Our Latest Report on LUN
Lundin Mining Stock Down 1.0%
TSE:LUN traded down C$0.14 during mid-day trading on Thursday, reaching C$13.66. The company's stock had a trading volume of 4,695,413 shares, compared to its average volume of 2,676,580. The firm has a market capitalization of C$8.35 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The stock has a fifty day moving average of C$12.58 and a 200-day moving average of C$12.27. Lundin Mining has a 1 year low of C$8.94 and a 1 year 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.
Insider Buying and Selling
In other news, insider Nemesia S.a.r.l. bought 2,000,000 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Insiders have bought 3,070,000 shares of company stock worth $37,265,934 in the last quarter. 15.70% of the stock is currently owned by company insiders.
Lundin Mining Company Profile
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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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