Free Trial

Lundin Mining (TSE:LUN) Reaches New 12-Month High - Here's What Happened

Lundin Mining logo with Basic Materials background

Key Points

  • Lundin Mining (TSE:LUN) reached a new 12-month high of C$17.10 during trading, but last traded at C$16.52 with a volume of over 823,000 shares.
  • Analysts have mixed ratings for Lundin Mining, with three giving a Strong Buy rating and a consensus price target of C$16.25, reflecting a Moderate Buy sentiment.
  • Insider activity has been noted, with Nemesia S.a.r.l. purchasing 900,000 shares at C$14.10 each, indicating confidence in the company's future prospects.
  • Interested in Lundin Mining? Here are five stocks we like better.

Lundin Mining Co. (TSE:LUN - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.10 and last traded at C$16.52, with a volume of 823602 shares trading hands. The stock had previously closed at C$16.17.

Wall Street Analyst Weigh In

LUN has been the subject of several research analyst reports. National Bankshares upped their price objective on shares of Lundin Mining from C$16.50 to C$17.50 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. BMO Capital Markets upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Royal Bank Of Canada increased their target price on shares of Lundin Mining from C$16.00 to C$18.00 in a research note on Wednesday. Dnb Nor Markets upgraded shares of Lundin Mining to a "hold" rating in a research note on Tuesday, June 17th. Finally, Morgan Stanley increased their target price on shares of Lundin Mining from C$13.70 to C$14.50 in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$16.48.

View Our Latest Stock Analysis on Lundin Mining

Lundin Mining Stock Performance

The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market cap of C$14.03 billion, a price-to-earnings ratio of -546.33, a P/E/G ratio of -0.26 and a beta of 1.55. The stock's 50-day moving average is C$15.00 and its 200 day moving average is C$13.34.

Lundin Mining Company Profile

(Get Free Report)

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.

Featured Articles

Should You Invest $1,000 in Lundin Mining Right Now?

Before you consider Lundin Mining, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lundin Mining wasn't on the list.

While Lundin Mining currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.