Lundin Mining Co. (TSE:LUN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.60 and traded as high as C$14.04. Lundin Mining shares last traded at C$13.91, with a volume of 1,999,660 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have recently commented on LUN shares. Raymond James Financial lifted their price objective on Lundin Mining from C$43.00 to C$53.00 in a research report on Tuesday, July 29th. National Bankshares raised their price objective on 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. UBS Group lowered Lundin Mining from a "buy" rating to a "neutral" rating and lowered their price objective for the company from C$13.50 to C$13.00 in a research note on Friday, May 2nd. BMO Capital Markets upgraded Lundin Mining to a "strong-buy" rating in a research note on Friday, June 6th. Finally, Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the company a "sector perform" rating in a research note on Thursday, June 19th. Five analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$18.90.
Check Out Our Latest Report on Lundin Mining
Lundin Mining Price Performance
The firm has a market capitalization of C$9.73 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The business has a fifty day moving average of C$14.15 and a 200-day moving average of C$12.67. The company has a debt-to-equity ratio of 41.58, a quick ratio of 0.90 and a current ratio of 1.40.
Insiders Place Their Bets
In other news, Director Jack Oliver Lundin purchased 20,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. purchased 900,000 shares of the firm's stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of C$14.10 per share, with a total value of C$12,690,000.00. Company 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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