Lundin Mining (TSE:LUN - Get Free Report) was downgraded by JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating in a report released on Thursday,BayStreet.CA reports. They currently have a C$15.60 price objective on the mining company's stock, up from their prior price objective of C$15.30. JPMorgan Chase & Co.'s target price suggests a potential upside of 12.64% from the stock's previous close.
Other analysts have also recently issued research reports about the company. Morgan Stanley decreased their target price on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Scotiabank boosted their target price on Lundin Mining from C$14.50 to C$16.00 in a report on Monday, June 16th. Dnb Nor Markets upgraded Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. National Bankshares boosted their target price on Lundin Mining from C$16.50 to C$17.50 and gave the stock an "outperform" rating in a report on Wednesday. Finally, UBS Group cut Lundin Mining from a "buy" rating to a "neutral" rating and decreased their target price for the stock from C$13.50 to C$13.00 in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and three have issued 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 target price of C$15.76.
Check Out Our Latest Stock Report on LUN
Lundin Mining Trading Down 2.8%
LUN traded down C$0.40 during midday trading on Thursday, hitting C$13.85. The company's stock had a trading volume of 3,004,153 shares, compared to its average volume of 2,643,315. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$16.20. The firm has a market cap of C$8.46 billion, a P/E ratio of 27.49, a PEG ratio of -0.26 and a beta of 1.66. The firm has a 50-day moving average price of C$13.52 and a two-hundred day moving average price of C$12.44.
Insider Buying and Selling
In other Lundin Mining news, insider Nemesia S.a.r.l. bought 900,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were bought at an average cost of C$14.10 per share, with a total value of C$12,690,000.00. Also, Director Jack Oliver Lundin bought 20,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. Corporate insiders own 15.70% of the company's stock.
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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