Lundin Mining (TSE:LUN - Free Report) had its target price increased by National Bankshares from C$16.50 to C$17.50 in a report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.
Several other equities analysts have also issued reports on the company. 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 objective on Lundin Mining and gave the company a "buy" rating in a report on Thursday, June 19th. UBS Group downgraded Lundin Mining from a "buy" rating to a "neutral" rating and decreased their price objective for the company from C$13.50 to C$13.00 in a report on Friday, May 2nd. BMO Capital Markets upgraded Lundin Mining to a "strong-buy" rating in a report on Friday, June 6th. Finally, Morgan Stanley decreased their price objective on Lundin Mining from C$14.80 to C$12.00 in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$15.86.
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Lundin Mining Trading Down 3.2%
Shares of LUN stock traded down C$0.46 during mid-day trading on Wednesday, reaching C$13.79. 1,000,596 shares of the stock traded hands, compared to its average volume of 2,627,748. The stock's fifty day simple moving average is C$13.47 and its two-hundred day simple moving average is C$12.43. Lundin Mining has a 1-year low of C$8.94 and a 1-year high of C$16.20. The company has a market cap of C$8.43 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.
Insiders Place Their Bets
In other news, Director Jack Oliver Lundin purchased 20,000 shares of the company'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. Also, insider Nemesia S.a.r.l. acquired 900,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average cost of C$14.10 per share, for a total transaction of C$12,690,000.00. 15.70% of the stock is owned by corporate insiders.
Lundin Mining Company Profile
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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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