Lundin Mining (TSE:LUN - Free Report) had its price objective upped by National Bankshares from C$16.50 to C$17.50 in a research report report published on Wednesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the mining company's stock.
Other analysts have also issued research reports about the company. Scotiabank boosted their target price on Lundin Mining from C$14.50 to C$16.00 in a research report on Monday, June 16th. Desjardins set a C$17.00 target price on Lundin Mining and gave the company a "buy" rating in a research report on Thursday, June 19th. Royal Bank Of Canada set a C$16.00 target price on Lundin Mining and gave the company a "sector perform" rating in a research report on Thursday, June 19th. TD Securities raised Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 target price on the stock in a research report on Tuesday, April 15th. Finally, Morgan Stanley cut their target price on Lundin Mining from C$14.80 to C$12.00 in a research report on Wednesday, April 9th. Six 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. According to MarketBeat, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus target price of C$15.86.
View Our Latest Report on Lundin Mining
Lundin Mining Price Performance
LUN traded up C$0.14 during trading on Wednesday, reaching C$14.25. The company's stock had a trading volume of 2,726,720 shares, compared to its average volume of 2,640,581. 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 fifty day simple moving average of C$13.42 and a two-hundred day simple moving average of C$12.42. 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$8.71 billion, a price-to-earnings ratio of 28.28, a PEG ratio of -0.26 and a beta of 1.66.
Insiders Place Their Bets
In other Lundin Mining news, Director Jack Oliver Lundin bought 20,000 shares of Lundin Mining stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of C$12.65 per share, with a total value of C$252,934.00. Also, insider Nemesia S.a.r.l. bought 900,000 shares of Lundin Mining stock in a transaction dated Friday, June 13th. The stock was acquired at an average cost of C$14.10 per share, with a total value of C$12,690,000.00. 15.70% of the stock is owned by insiders.
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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