Lundin Mining (TSE:LUN) Price Target Raised to C$16.50

Lundin Mining (TSE:LUN - Free Report) had its price objective upped by National Bankshares from C$15.50 to C$16.50 in a report released on Tuesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.

Other analysts have also issued reports about the company. The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the company a "buy" rating in a research note on Thursday, March 6th. Stifel Canada raised Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Royal Bank Of Canada set a C$16.00 price target on Lundin Mining and gave the company a "sector perform" rating in a research note on Thursday, June 19th. Desjardins set a C$17.00 price target on Lundin Mining and gave the company a "buy" rating in a research note on Thursday, June 19th. Finally, Canaccord Genuity Group raised Lundin Mining from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lundin Mining presently has an average rating of "Moderate Buy" and an average target price of C$15.91.

Lundin Mining Price Performance

TSE:LUN traded up C$0.07 during trading hours on Tuesday, hitting C$13.92. The company's stock had a trading volume of 2,034,842 shares, compared to its average volume of 2,664,388. The stock has a fifty day simple moving average of C$12.77 and a 200-day simple moving average of C$12.29. The company has a market capitalization of C$8.51 billion, a P/E ratio of 27.62, a PEG ratio of -0.26 and a beta of 1.66. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$16.31.

Insider Buying and Selling

In related news, insider Nemesia S.a.r.l. purchased 2,000,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. Also, Director Adam Ian Lundin acquired 150,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average cost of C$10.82 per share, for a total transaction of C$1,623,000.00. Over the last 90 days, insiders purchased 3,070,000 shares of company stock worth $37,265,934. 15.70% of the stock is owned by corporate insiders.

Lundin Mining Company Profile

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.