Lundin Mining (TSE:LUN) Upgraded at TD Securities

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by TD Securities from a "hold" rating to a "buy" rating in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a C$13.00 target price on the mining company's stock. TD Securities' price target indicates a potential upside of 23.11% from the stock's previous close.

Several other analysts have also recently issued reports on the company. Scotiabank cut Lundin Mining from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 15th. Desjardins upgraded shares of Lundin Mining to a "moderate buy" rating in a research report on Thursday, April 3rd. UBS Group dropped their target price on shares of Lundin Mining from C$17.00 to C$15.50 in a research report on Tuesday, January 7th. Raymond James reduced their price target on shares of Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Lundin Mining from C$17.50 to C$16.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lundin Mining has a consensus rating of "Moderate Buy" and a consensus price target of C$16.14.

Lundin Mining Price Performance

Shares of LUN traded down C$0.18 during trading hours on Tuesday, reaching C$10.56. 1,780,486 shares of the stock traded hands, compared to its average volume of 2,740,585. Lundin Mining has a 52-week low of C$8.94 and a 52-week high of C$17.97. 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$6.45 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. The company's 50-day moving average price is C$11.69 and its two-hundred day moving average price is C$12.68.

Insider Buying and Selling

In related news, Director Adam Ian Lundin acquired 150,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was bought at an average price of C$10.82 per share, for a total transaction of C$1,623,000.00. Also, insider Nemesia S.a.r.l. bought 2,000,000 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of C$11.35 per share, for a total transaction of C$22,700,000.00. 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.