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Lundin Mining (TSE:LUN) Upgraded at Canaccord Genuity Group

Lundin Mining logo with Basic Materials background

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by Canaccord Genuity Group from a "hold" rating to a "strong-buy" rating in a note issued to investors on Wednesday, April 16th,Zacks.com reports.

A number of other research firms have also recently commented on LUN. The Goldman Sachs Group set a C$16.60 price target on Lundin Mining and gave the stock a "buy" rating in a research note on Thursday, March 6th. UBS Group lowered their target price on Lundin Mining from C$17.00 to C$15.50 in a report on Tuesday, January 7th. Raymond James dropped their target price on Lundin Mining from C$15.00 to C$14.00 and set a "market perform" rating for the company in a research report on Thursday, January 16th. Stifel Canada raised shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Finally, Desjardins upgraded shares of Lundin Mining to a "moderate buy" rating in a report on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Lundin Mining has an average rating of "Moderate Buy" and an average price target of C$16.14.

Read Our Latest Research Report on Lundin Mining

Lundin Mining Trading Up 6.4 %

Shares of LUN traded up C$0.70 during trading on Wednesday, reaching C$11.72. 1,806,051 shares of the company traded hands, compared to its average volume of 2,712,181. The stock has a 50-day simple moving average of C$11.63 and a 200-day simple moving average of C$12.64. The stock has a market cap of C$7.16 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66. Lundin Mining has a twelve month low of C$8.94 and a twelve month high of C$17.97. The company has a quick ratio of 0.90, a current ratio of 1.40 and a debt-to-equity ratio of 41.58.

Insider Activity

In other Lundin Mining news, Director Adam Ian Lundin bought 150,000 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was acquired 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. purchased 2,000,000 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average cost of C$11.35 per share, for a total transaction of C$22,700,000.00. Company insiders own 15.70% of the company's stock.

About Lundin Mining

(Get Free Report)

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.

See Also

Analyst Recommendations for Lundin Mining (TSE:LUN)

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