Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.29 and traded as high as C$14.50. Lundin Mining shares last traded at C$14.43, with a volume of 3,143,961 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on LUN. 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. Desjardins upgraded Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. Scotiabank lifted their price target on Lundin Mining from C$13.00 to C$14.00 and gave the stock an "outperform" rating in a research report on Monday, May 5th. The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Stifel Canada upgraded Lundin Mining to a "strong-buy" rating in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$15.65.
Read Our Latest Stock Report on Lundin Mining
Lundin Mining Trading Up 2.8%
The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58. The firm has a market cap of C$8.82 billion, a P/E ratio of 28.64, a P/E/G ratio of -0.26 and a beta of 1.66. The company's 50 day simple moving average is C$11.74 and its 200-day simple moving average is C$12.29.
Insiders Place Their Bets
In related news, Director Jack Oliver Lundin purchased 20,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were bought at an average cost of C$11.35 per share, with a total value of C$22,700,000.00. Insiders bought a total of 2,170,000 shares of company stock valued at $24,575,934 over the last 90 days. 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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