Lundin Mining Co. (TSE:LUN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.42 and traded as high as C$14.51. Lundin Mining shares last traded at C$14.11, with a volume of 2,113,723 shares.
Analyst Upgrades and Downgrades
A number of research firms recently commented on LUN. Royal Bank Of Canada set a C$16.00 price objective on Lundin Mining and gave the stock a "sector perform" rating in a research note on Thursday, June 19th. Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Desjardins set a C$17.00 price objective on Lundin Mining and gave the stock a "buy" rating in a research note on Thursday, June 19th. Morgan Stanley cut their price objective on Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. Finally, Scotiabank lifted their price objective on Lundin Mining from C$14.50 to C$16.00 in a research note on Monday, June 16th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$15.76.
Check Out Our Latest Stock Report on Lundin Mining
Lundin Mining Stock Performance
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 company has a 50 day simple moving average of C$13.52 and a 200-day simple moving average of C$12.44. The stock has a market capitalization of C$8.46 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.
Insider Activity at Lundin Mining
In other news, insider Nemesia S.a.r.l. acquired 900,000 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was purchased at an average price of C$14.10 per share, for a total transaction of C$12,690,000.00. Also, Director Jack Oliver Lundin acquired 20,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of C$12.65 per share, with a total value of C$252,934.00. 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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