Lundin Mining (TSE:LUN) Upgraded by BMO Capital Markets to "Strong-Buy" Rating

Lundin Mining (TSE:LUN - Get Free Report) was upgraded by analysts at BMO Capital Markets to a "strong-buy" rating in a research note issued on Friday,Zacks.com reports.

Several other brokerages have also commented on LUN. Stifel Canada upgraded shares of Lundin Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. TD Securities upgraded shares of Lundin Mining from a "hold" rating to a "buy" rating and set a C$13.00 price target on the stock in a research note on Tuesday, April 15th. Morgan Stanley cut their price target on shares of Lundin Mining from C$14.80 to C$12.00 in a research note on Wednesday, April 9th. National Bankshares dropped their price objective on shares of Lundin Mining from C$17.50 to C$15.50 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group cut 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. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lundin Mining presently has an average rating of "Moderate Buy" and an average target price of C$15.65.

Lundin Mining Stock Down 0.6%

Shares of Lundin Mining stock traded down C$0.08 during trading on Friday, hitting C$14.37. 2,046,636 shares of the stock were exchanged, compared to its average volume of 2,668,443. The firm's 50-day moving average price is C$11.85 and its 200 day moving average price is C$12.26. Lundin Mining has a 12-month low of C$8.94 and a 12-month high of C$16.31. The company has a debt-to-equity ratio of 41.58, a current ratio of 1.40 and a quick ratio of 0.90. The stock has a market cap of C$8.78 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of -0.26 and a beta of 1.66.

Insider Buying and Selling

In related news, insider Nemesia S.a.r.l. bought 2,000,000 shares of the stock in a transaction 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. Also, Director Jack Oliver Lundin bought 20,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of C$12.65 per share, for a total transaction of C$252,934.00. Insiders bought 2,170,000 shares of company stock valued at $24,575,934 over the last ninety days. Corporate insiders own 15.70% of the company's stock.

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.