Lundin Mining (TSE:LUN) Stock Price Expected to Rise, National Bankshares Analyst Says

Lundin Mining (TSE:LUN - Free Report) had its price target upped by National Bankshares from C$16.50 to C$17.50 in a research report released on Wednesday,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.

Several other equities analysts have also commented on LUN. Canaccord Genuity Group raised shares of Lundin Mining from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Desjardins set a C$17.00 target price on shares of Lundin Mining and gave the company a "buy" rating in a report on Thursday, June 19th. Dnb Nor Markets raised shares of Lundin Mining to a "hold" rating in a report on Tuesday, June 17th. Royal Bank Of Canada set a C$16.00 target price on shares of Lundin Mining and gave the company a "sector perform" rating in a report on Thursday, June 19th. Finally, UBS Group lowered shares of Lundin Mining from a "buy" rating to a "neutral" rating and reduced their target price for the company from C$13.50 to C$13.00 in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Lundin Mining presently has a consensus rating of "Moderate Buy" and an average target price of C$15.76.

Lundin Mining Price Performance

Shares of Lundin Mining stock traded down C$0.40 on Wednesday, hitting C$13.85. 3,004,153 shares of the company traded hands, compared to its average volume of 2,643,315. The firm's 50-day simple moving average is C$13.52 and its 200 day simple moving average is C$12.44. The company has a current ratio of 1.40, a quick ratio of 0.90 and a debt-to-equity ratio of 41.58. The company has a market cap of C$8.46 billion, a P/E ratio of 27.49, a P/E/G ratio of -0.26 and a beta of 1.66. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$16.20.

Insider Transactions at Lundin Mining

In other news, Director Jack Oliver Lundin acquired 20,000 shares of Lundin Mining stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of C$12.65 per share, for a total transaction of C$252,934.00. Also, insider Nemesia S.a.r.l. acquired 900,000 shares of Lundin Mining stock in a transaction on Friday, June 13th. The shares were purchased at an average price of C$14.10 per share, with a total value of C$12,690,000.00. 15.70% of the stock is currently owned by company insiders.

About Lundin Mining

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.